Monday, May 19, 2014

CMS RELEASES REPORT ON MEDICAID EXPENDITURES

Mike Cheek

On Monday, CMS announced the release of its 2012 Medicaid Expenditures for Long-Term Services and Supports Report. Total Medicaid LTSS spending was $140 billion in FFY 2012, which represented 34.1 percent of all Medicaid spending and was virtually unchanged from FFY 2011. The report also found an increase in the percentage of spending going towards home and community-based services attributable to both an increase in HCBS spending (2.4 percent) and a decrease in spending for institutional services (-2.3 percent). READ MORE

CMS stated:

“LTSS expenditures reflect continuing federal and state efforts to shift the balance of expenditures from institutional services to HCBS. National Medicaid expenditures for HCBS increased again in 2012 as a percentage of total LTSS expenditures. The shift toward HCBS was similar to previous years, with no indication that HCBS has reached a natural limit beyond which it will be difficult to expand further.”

Additionally, CMS reported a noticeable growth in managed care in FFY 2012, accounting for 6.6% of LTSS spending.

 To read the full report, please visit the CMS website on LTSS.

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