The department that runs Colorado’s Medicaid program overshot its budget for the most recent fiscal year by more than $120 million after underestimating how sick its members would be. Medicaid rolls were in flux over the last year as states started removing people for the first time since early 2020. During the COVID-19 public health emergency, states couldn’t kick people off Medicaid, meaning they spent much of the last year determining who still qualifies. For the fiscal year that ended in June, the Colorado Department of Health Care Policy and Financing had to attempt to project not only how many people would lose Medicaid coverage, either because they weren’t eligible or didn’t return the paperwork, but also how much the remaining members’ medical care would cost. The forecast was close in terms of the number of people who would keep their coverage, but slightly underestimated how much care they would need, department spokesman Marc Williams said.
Colorado’s Medicaid Department Overshot Budget By $120 Million
Meg Wingerter, Denver Post: Politics
Thu, 08/29/2024 - 5:00am
Topics: colorado s medicaid covid-19 june colorado department health care policy financing marc williams this related articles uchealth housing january rep shannon bird westminster democrat joint budget committee lawmakers it s denver post seth klamann sign medicaid medicaid colorado colorado s health williams denver overshot million year people state forecast cost fiscal members federal states groups amount eligible coverage return billion vote
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