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Medicaid Spending Hit $581B in 2016. Here's How It's Projected To Grow Over the Next Decade

from FierceHealthcare

Medicaid provided healthcare coverage to 72.2 million people in fiscal year 2016, an increase of 3.1 percent over 2015. That increase corresponded with a 4.9 percent increase in spending over 2015, amounting to a total of $580.9 billion in spending for 2016, according to a new CMS report. The agency projected that over the following 10 years, expenditures would grow at an average annual rate of 5.7 percent, reaching over $1 trillion by 2026. more

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