RD107 - Monthly Expenditure Report of the Medicaid Program - April 2007
Executive Summary: Medicaid expenditures through April are currently 6.8 percent above expenditures through the same period last year. Current funding, based on the November 2006 Official Medicaid forecast and budget amendments enacted during the 2007 General Assembly session, provides for 8.8 percent annual growth. At the fund level, Medicaid general fund expenditures are currently running at 10.1 percent annual growth rate. DMAS' current appropriation provides for 11.5 percent annual general fund growth. This month's report also includes a year-to-date analysis of FAMIS, Medicaid Expansion (M-SCHIP) and Temporary Detention Order (TDO) expenditures. FAMIS and M-SCHIP expenditures are currently running over funded growth, while TDO payments to date are less than projected. General Medicaid (Acute Care) Services Expenditures for acute care services are currently running 4.6 percent more than expenditures at this time last year, but less than the 6.5 percent increase projected. The slower than projected growth is consistent across all the major fee-for-service categories with the most significant factor being larger than expected decreases in pharmacy expenditures associated with the new Medicare Part D program. Long- Term Care Services Expenditures for long-term care services are currently 9.6 percent above expenditures at this time last year. The growth in nursing facility expenditures primarily reflects the annual rate adjustment, as opposed to increases in utilization, The additional 335 MR waiver slots and 65 DD waiver slots funded in the 2006 Appropriation Act and added effective July 1, 2006 are contributing significantly to the growth in home and community-based waiver services. Mental Health Services Following the trend seen for the past several years, expenditures for mental health services continue to grow and are currently 16.9 percent above expenditures at this time last year, however still slightly below the protected increase of 17.3 percent. Medicaid Recoveries Prior-year recoveries, including revenues generated from revenue maximization efforts, are currently 29.0 percent higher than recoveries at this time last year. The funding in the current Appropriation Act (Chapter 847) assumes a 28.2 percent increase in prior-year recoveries. The initial reclassification of prior-year pharmacy rebates occurred this month and was 50.7 percent less than the reclassification last year due to the implementation of Medicare Part D. |