Gov. Parson's budget funds Missouri Medicaid expansion without cuts to other needs
Medicaid expansion will add $1.9 billion to the state budget in the coming fiscal year, with most of it paid for with federal funds and the rest from anticipated savings from a cut in state costs for the current program.
The budget Gov. Mike Parson delivered to lawmakers Wednesday anticipates that approximately 275,000 low-income adults will enroll for medical coverage. Missouri voters in August approved expanding Medicaid to everyone in households with incomes at or below 133 percent of the federal poverty guideline.
The breakdown of costs, according to Parson’s budget, is $1.65 billion from federal funds, about $130 million from the state general revenue fund and the rest from a variety of sources, including taxes on medical providers.
About $100 million of the expense will come out of current Medicaid spending because the federal government will pick up a bigger share of the current program, said the governor’s budget director, Dan Haug.
Read more: https://missouriindependent.com/2021/01/27/gov-parsons-budget-funds-missouri-medicaid-expansion-without-cuts-to-other-needs/
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