The Art and Science of Medicaid Budget Forecasting
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Summary
The National Association of Medicaid Directors (NAMD) has released a new resource exploring how states navigate Medicaid budget forecasting.
Medicaid accounts for 30.7% of total state expenditures, the single largest category in state budgets. NAMD’s new brief draws on interviews with state Medicaid agency financial leaders to examine how states build and refine expenditure forecasts, the complexities introduced by new policy, public health events, and data gaps, and innovations states are using to improve accuracy and manage uncertainty.
Medicaid accounts for 30.7% of total state expenditures, the single largest category in state budgets. NAMD’s new brief draws on interviews with state Medicaid agency financial leaders to examine how states build and refine expenditure forecasts, the complexities introduced by new policy, public health events, and data gaps, and innovations states are using to improve accuracy and manage uncertainty.
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