Thursday, January 04, 2007
Good News or Bad News, You Be the Judge
You might call it good news, or you might call it bad news. The good news is that Ohio is projected to see its federal match rate for Medicaid rise again in federal fiscal year (FFY) 2009. The bad news is that the rate increase is a reflection of our lousy Ohio economy.
The Federal Funds Information Service has released their projections for state Medicaid matching rates for FFY 2009 (which begins on October 1, 2008 so it includes 9 months of the SFY 2008-2009 state budget) and Ohio’s rate is projected to rise again to a rate of 61.98 percent. They estimate that this will bring Ohio at least another $179 million in federal Medicaid funds.
The total projected increased federal Medicaid match funding for FFY 08 and 09 is $337 million (this is the increase over the FFY 07 amounts). This can help take some of the pressure off the new Strickland administration and the Ohio General Assembly as they grapple with what promises to be a very difficult budget.
The Federal Funds Information Service has released their projections for state Medicaid matching rates for FFY 2009 (which begins on October 1, 2008 so it includes 9 months of the SFY 2008-2009 state budget) and Ohio’s rate is projected to rise again to a rate of 61.98 percent. They estimate that this will bring Ohio at least another $179 million in federal Medicaid funds.
The total projected increased federal Medicaid match funding for FFY 08 and 09 is $337 million (this is the increase over the FFY 07 amounts). This can help take some of the pressure off the new Strickland administration and the Ohio General Assembly as they grapple with what promises to be a very difficult budget.
