Posted November 01, 2018 12:31:17Kentucky’s new Medicaid system has an estimated 5,000 more people enrolled than expected, but the state still faces a projected $2 billion deficit.
It is expected to take a few years to get all of the new enrollees covered.KENTUCKY, Ky.
(AP) Kentucky’s new state-run Medicaid system will see its coverage for people with serious health problems rise by more than $2,000 per enrollee in the coming years, according to an estimate released Thursday by the state.
The state is expected see an increase of more than 1,000 residents a month, about 3 percent of the roughly 13,000 who will qualify for Medicaid.
That’s far below the 8,000 to 12,000 the state had projected when the new system went into effect last year.
“Kentucky has an aging population, so we have a high cost of health care,” said Gov.
“We can afford to have a system that provides care to a much higher number of people than that number would have been otherwise.”
Statewide, the average monthly Medicaid payment is about $1,300, with an average of about $600 for an adult.
Those rates could rise as the number of Kentucky residents with serious medical conditions increases.
Kentucky is one of several states that are expanding Medicaid eligibility to adults.
Some states have also approved a variety of tax credits and subsidies to help pay for it.
Under the new Medicaid plan, the federal government will cover 85 percent of all costs and be reimbursed 80 percent, according the nonpartisan Congressional Budget Office.
That means Medicaid will cover up to $11,000 for every resident in Kentucky.
Kentucky is one state that is not part of the expanded program.
States in the program that do not expand eligibility have to meet certain benchmarks and have to reduce costs by 10 percent.
In the past year, Kentucky has seen an increase in its Medicaid enrollees.
In March, about 17,000 Kentucky residents enrolled in the new state’s Medicaid program.
The average payment for each enrollee is $3,100.
The state has projected that Medicaid will see $2 million in savings in 2019.