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Kentucky Medicaid could receive over $500 million from federal stimulus package

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Dec 16th, 2008

Kentucky could receive an additional $520,356,000 in federal Medicaid matching funds from the economic stimulus package scheduled for Congressional approval in January, according to a new report released on December 15. The report, “A Painful Recession: States Cut Health Safety Net Programs,” focuses on a proposal likely to appear in the economic stimulus initiative that could be the first order of business for the incoming Obama Administration and the new Congress. 

 

The report says the new funds would help Kentucky provide important Medicaid services as more and more people need health safety-net protection during the recession.  It also projects that the funds would help create 8,300 new jobs with $292,400,000  in new wages and spur an estimated $846,500,000 in new economic activity in Kentucky.

 

The report was released by the national consumer health organization Families USA, and spotlights the growing need for increasing the federal matching funds – known as the Federal Medicaid Matching Payments, or FMAP – in the Medicaid program.

 

Download the full report here.

 

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