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Thu Dec 7, 2017, 12:17 AM

Louisiana Medicaid program running under-budget this year

Louisiana's Medicaid program is spending at a slower pace than expected this budget year and could leave the state with a surplus in six months if expenditures remain on their current path.

The latest forecast released this week shows the $12.5 billion government-financed health program may spend as much as $650 million less than projected for the budget year that began July 1.

Most of that amount will be unused federal spending authority not dollars that can be allocated to other state government programs and services. But the Department of Health says about $30 million of the amount, if the trends remain on track, would be a state general fund surplus that could be spent elsewhere in state government.

The new projections are a rare development in a program with 1.6 million enrollees that traditionally grows in price tag each year, and often requires new infusions of cash midyear or cuts to stay in balance.

Read more: http://www.theadvocate.com/baton_rouge/news/politics/article_f0772a5a-dad1-11e7-8cc0-5313a8a48f3a.html

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