Arkansas Gov. Mike Beebe's office says the state no longer faces a shortfall of up to $80 million in Medicaid funding for the next fiscal year, but that increased costs will eventually catch up to the state.
Arkansas governor says Medicaid shortfall won't hit next fiscal year
Until Friday, state officials expected a $60 million to $80 million shortfall in Medicaid funding in the 2013 fiscal year and another $240 million shortfall in 2014.
Lower demand for Medicaid services now lead state officials to believe that the money woes will come later. In an interview with The Associated Press, Beebe spokesman Matt DeCample said the decreased demand buys Arkansas a bit of time.
Federal officials in 2011 said Arkansas could change the way it pays medical providers for their services, with a goal of saving money. DeCample says that work will continue.
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