BATON ROUGE, La. (AP) – Louisiana’s Medicaid program is spending at a slower pace than expected this budget year and could have a surplus in six months if expenditures remain on their current path.
The latest forecast released this week shows the government-financed health program may spend as much as $650 million less than projected for the budget year that began July 1.
Most of that amount will be unused federal spending authority – not dollars that can be allocated to other state government programs and services. But the Department of Health says about $30 million of the amount, if the trends remain on track, would be a state general fund surplus that could be spent elsewhere in state government.
Much of the less-than-expected spending is in the Medicaid expansion program that began last year.