Medicaid spending nearly doubled from 2001 to 2010, and it’s about to spend billions more.
Medicaid spending has always grown significantly faster than the economy as a whole – and the outlook for spending is even greater with health care reform.
As it is, Medicaid spending nearly doubled from 2001 to 2010, when it reached $404 billion. The program provided health care for about one in five Americans in 2011.
The Affordable Care Act will expand Medicaid coverage in 2014 – and up to 11 million more lower income people are expected to qualify. This expansion is projected to cost another $642 billion through fiscal 2022.
Did you know different states contribute different amounts to fund Medicaid? Check out our infographic for more on Medicaid spending. See “What Do Others Say?” for added views, then contribute your voice to the discussion below. What do you think about the coming expansion?