I have often said that the best action that CMS can take to support state innovation is to get out of the way. We’ve heard loud and clear that states want room to explore new ways of delivering care and designing programs to help their Medicaid beneficiaries live healthier, more independent lives.
Medicaid & CHIP
Between 2013 and 2016, Federal spending on Medicaid grew by over $100 billion. The program is often the first or second largest line item in state budgets. Just recently, CMS’ independent Office of the Actuary released their Medicaid financial report, confirming what we have already known for quite some time – that our healthcare spending, particularly in Medicaid – is forecast to continue growing, averaging 5.7% annually over the next 10 years to reach over $1 trillion by 2026.
Although some progress has been made in efforts to combat the opioid epidemic, the latest data from the CDC indicate the crisis is not slowing down. However, it is important for our beneficiaries across the country to know that CMS is exploring all of our options to address this national crisis.
In his first 500 days in office, President Donald J. Trump has achieved results both at home and abroad for the American people, working to ensure government is more accountable to the American people. One of the many promises the Trump Administration has made and kept is improving accountability and transparency in Medicaid.
In partnership with states and providers, CMS plays a leading role in safeguarding the health of America’s future by providing coverage for more than one in three American children. Through Medicaid and the CHIP mandatory and optional benefits, children receive access to a spectrum of comprehensive and preventive health care services.
We have made great progress in recent years on reforming our system into one that delivers better quality of care for patients and pays for care in a smarter way, including investing more in prevention and primary care. Before 2010, there had been only modest efforts to improve care and reduce costs.