Â Â Â Â Â Â Â Â Medicaid. It is the United States Federal brass program to aid states in providing health do by to the poor and impoverished who otherwise could non receive Â Â Â Â Â Â Â Â proper medical care. In 1995 the federal governance spent a total of $77.4 Billion on Medicaid. This is up almost 300 portion from $20.1 Billion in 1984, altogether 10 years earlier. In the same 10 years state spending on Medicaid rose over 250 percent from $16.5 Billion to $58.2 Billion. Under the current Medicaid programs, Medicaid spending impart cast up at an annual rate of 10 percent, to an estimated $262 Billion by the year 2002.
Â Â Â Â Â Â Â Â Medicaid spending has grown much faster than the habitual rate of inflation. For the Federal Government, Medicaid expenditures have grown from only 1 percent of the national budget in 1970 to over 6 percent in 1995, while state expenditures went from 8.1 percent to 13.5 percent in the same time span. This increase can be attributed to multiple factors. First, through a series of mandates, the Federal Government has expanded the eligibility for Medicaid, requiring states to serve more people. They also increased the standards required of nursing categorys. This led to higher(prenominal) nursing home cost which were passed directly back to the Medicaid program.
The current average cost to care for a patient in a nursing home is nine times greater than that of a single parasitic child. The price of medical care, in general, has drastically increased. Expensive unseasoned technology and procedures are a large part of this increase. The pauperism for these costly new technologies is not expected to decrease, the cost will just be passed on to the public through higher prices and higher Medicaid spending. And finally, an estimated 10 percent of Medicaid payments is wasted on fraud. This is generally fraud by health...
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