DHS: Medicaid budget back in balance

The Department of Health Services has closed the state’s Medicaid gap, according to a report issued to the Joint Committee on Finance Dec. 30. In September, the department said it needed to trim costs by $0.7 million in state funds by the end of the biennium, which was down from a June report predicting a $93 million budget hole.

The December projection reflects additional months of enrollment data, fee-for-service expenditure trends and actual claiming for certain county-provided Medicaid services, according to DHS. It also assumes the department will assume $22 million in one-time revenues from settlement payments from drug manufacturers.

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