RD301 - October 2007 Medicaid Expenditures


Executive Summary:
Medicaid expenditures through October are currently 6.2 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, as well as Governor Kaine's 2008 Budget Reduction Initiatives, provides for 9.1 percent annual growth. At the fund level, Medicaid general fund expenditures are currently running at 8.1 percent annual growth rate. DMAS' current appropriation provides for 9.5 percent annual general fund growth.