1、 https:/crsreports.congress.gov November 12, 2020Impact of the Recession on MedicaidMedicaid is a means-tested entitlement program that finances the delivery of primary and acute medical services as well as long-term services and supports. Medicaid is a federal and state partnership that is jointly
2、financed by both the federal government and the states. The federal governments share for most Medicaid expenditures is called the federal medical assistance percentage (FMAP). Generally determined annually, the FMAP formula is designed so that the federal government pays a larger portion of Medicai
3、d costs in states with lower per capita incomes relative to the national average (and vice versa for states with higher per capita incomes). Federal Medicaid funding to states is open-ended. Medicaid expenditures are influenced by economic, demographic, and programmatic factors. Economic factors inc
4、lude health care prices, unemployment rates, and individuals wages. In addition, state-specific factors, such as programmatic decisions and demographics, affect Medicaid expenditures and cause Medicaid spending to vary widely from state to state. Countercyclical Program Medicaid is a countercyclical
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