Of the $14.6 billion total for health care spending, the Governor's budget includes $13.6 billion for MassHealth coverage and subsidized coverage provide through the Health Connector (ConnectorCare). Taking into account expanded federal Medicaid reimbursements implemented as part of the ACA, the net cost to the state is $6.9 billion, or a 5.9 percent increase over the net cost in FY 2014 of these programs. Federal revenues to be generated in FY 2015 by the enhanced federal reimbursement rate under the ACA will bring in an additional $138.7 million beyond what normally would have been generated.
This brief is the first in a series of FY 2015 budget briefs produced by the Massachusetts Budget and Policy Center in partnership with the Massachusetts Medicaid Policy Institute and the Massachusetts Law Reform Institute. We will be publishing budget fact sheets at several stages in the FY 2015 budget process, as proposals move through the state legislature.
The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts.
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Massachusetts Budget and Policy Center | 15 Court Square | Suite 700 | Boston | MA | 02108