Minnesota Medicaid spending is accelerating
Minnesota’s spending on Medicaid is projected to far outpace the state’s growth in tax revenue over the next several years, underscoring the urgent challenge posed by federal cuts to a state budget already strained by rising healthcare costs and a growing elderly population. The state’s Medicaid program, which insures many low-income, disabled, elderly and pregnant residents, is on track to jump 40% from 2025 to 2029 to $29 billion while state revenues are expected to increase just 10% over the same period. Medical Assistance, the name for Minnesota’s Medicaid, cost $20.3 ...
