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    Entries in Medicaid (2)

    Friday
    Jan062017

    The Week in Public Finance: Repealing Obamacare, How a California Ruling Threatens Pensions and More

    A roundup of money (and other) news governments can use.
    BY  JANUARY 6, 2017

    How Much Will Dismantling Obamacare Cost?

    As leaders in Congress kick off the 115th session by assuring the public they will repeal the Affordable Care Act (ACA) in full by the end of this year, a newly released estimate puts the cost of a total repeal at roughly $350 billion through 2027.

    According to the nonpartisan Committee for a Responsible Federal Budget, repealing the law's Medicare-related cuts and its tax increases -- such as the "Cadillac tax" on high-cost insurance plans -- could cost the government more than if it left the ACA in place.

    But the report found that lawmakers could save money if they just repeal parts of the law. For example, if Congress only does away with the ACA's coverage provisions (mainly the Medicaid expansion), it could save $1.55 trillion through 2027.

    Click to read more ...

    Wednesday
    Jun222016

    After Milestone Year of Recovery, State Spending to Slow

    States' overall budgets finally surpassed pre-recession peaks this year -- but not everywhere.
    BY  JUNE 22, 2016

    This year was one of milestones for state budgets, but the upward swings of 2016 will likely be dampened in the years ahead.

    It took almost a decade, but total state spending and revenues finally surpassed pre-recession peaks this year, according to a new survey from the National Association of State Budget Officers (NASBO). Yet more than two dozen states haven’t reached that milestone, a sign of the recovery’s uneven progress after the worst economic collapse in more than a generation.

    While fiscal 2016 also marked the highest annual growth -- 5.5 percent -- for total state spending in nearly a decade, it was primarily driven by significant one-time spending increases and technical adjustments in several large states, including New York, Ohio and Texas. The median spending growth rate across the 50 states was 3.8 percent, which is lower than last year’s but slightly ahead of expectations a year ago.

    Looking ahead, spending is projected to slow down even more, to 2.5 percent next fiscal year (which begins July 1 for most states). Revenues are also projected to slow.

    Click to read more ...