Medicaid growth outpacing revenues, pushing Colorado toward a budget cliff
Colorado officials warn that Medicaid spending is growing faster than revenue, potentially exhausting the state's general fund within 16 years. The General Assembly’s Medicaid commission is considering tighter controls to address the budget strain. Experts suggest that without significant changes, the program could eventually eliminate funding for other state services.
The Colorado General Assembly’s Medicaid commission heard stark warnings about the growing budget strain, including one budget official who said that without tighter controls on overspending, the government-funded healthcare program could consume the entire general fund within 16 years. Without changes to how the state handles Medicaid, that could mean no money for the next […]
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