Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Medicaid applicants grow as recession widens

AP/Yahoo, December 22, 2008

Many states have seen increases in the Medicaid rolls just as tax revenues are falling below projections. Governors have lobbied President-elect Barack Obama and Congress to help them weather the downturn by increasing the federal government's share of Medicaid spending for at least two years. The governors said the extra $40 billion would ease the service cuts or tax increases that legislatures need to balance state budgets.