MEDICAID WILL COST NEW MEXICO TAXPAYERS AN ADDITIONAL 63-MILLION DOLLARS NEXT YEAR. THE SANTA FE NEW MEXICAN REPORTS THE FEDERAL GOVERNMENT IS SCALING BACK THE SHARE IT PAYS TO COVER THE MORE THAN 800-THOUSAND PEOPLE IN THE STATE ENROLLED IN MEDICAID.
THIS YEAR, THE FEDS COVERED 93-PERCENT OF THE COSTS. NEXT YEAR THAT GOES DOWN TO 90-PERCENT. THAT ALONE WILL COST THE STATE AN ADDITIONAL 32 MILLION DOLLARS. MEDICAID’S COST TO THE STATE GENERAL FUND IS EXPECTED TO BE JUST UNDER A BILLION DOLLARS NEXT FISCAL YEAR.
