Medicaid to consume 50% of Texas state budget within next 30 years
AUSTIN – Texas’ Medicaid program is in a state of financial crisis, according to long-term caseload and cost models published today by the Texas Public Policy Foundation.
“Even before the U.S. Congress substantially expanded Medicaid as part of ObamaCare, the Medicaid program was financially unsustainable,” said Arlene Wohlgemuth, Director of TPPF’s Center for Health Care Policy. “These new projections make clear that Medicaid will bankrupt Texas – and every other state – unless major structural changes are made.”
The Foundation commissioned Cato Institute Senior Fellow Dr. Jagadeesh Gokhale to develop 30-year caseload and cost projections for Texas’ Medicaid program so that Texas policymakers could understand the extent of Texas’ crisis. Dr. Gokhale’s findings, “Final Notice: Medicaid Crisis,” are available on the Foundation’s website, www.TexasPolicy.com. Continue reading →