More about Medicaid cuts

The CBO has extended their estimate of what the Republican tax cut … errr healthcare plan will do to Medicaid:

In the Congressional Budget Office’s assessment, Medicaid spending under the Better Care Reconciliation Act of 2017 would be 26 percent lower in 2026 than it would be under the agency’s extended baseline, and the gap would widen to about 35 percent in 2036 (see Figure 1). under CBO’s extended baseline, overall Medicaid spending would grow 5.1 percent per year during the next two decades, in part because prices for medical services would increase. under this legislation, such spending would increase at a rate of 1.9 percent per year through 2026 and about 3.5 percent per year in the decade after that.

In CBO’s extended baseline, Medicaid spending is projected to be 2.0 percent of GDP in 2017 and 2.4 percent by 2036. The 35 percent reduction in that spending that CBO estimates for 2036 under this legislation would result in Medicaid spending of 1.6 percent of GDP.

That sure seems like a big cut.

Via here, Avalere Health looks at the impact for each state, for example my state of Massachusetts will see a decrease of 17% in funding for Medicaid by 2026 for a total cut of $9.7 billion. Thanks Republicans.

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