Center for Medicare and Medicaid Services (CMS) and Truyven Health Analytics Release Report on Medicaid-Funded Long-term Services and Supports Expenditures for FY 2015
Truyven Health Analytics, a division of IBM Watson Health Business, produces annual reports each year of Medicaid long-term services and supports expenditures and how they change over time. Truyven recently released its latest report, “Medicaid Expenditures for Long-Term Services and Supports (LTSS) in FY 2015.” The report shows that Medicaid-funded HCBS have continued to grow, with overall spending on Medicaid-funded HCBS growing from 53 percent in fiscal year (FY) 2014 to 55 percent in FY 2015. Home and community-based services include supported employment services and other services that assist people in preparing for work and/or engaging in employment. Medicaid-funded long-term services and supports represent 30 percent of total Medicaid expenditures. However, growth rates for this decade are low as compared with the growth rate in previous decades.
The largest growth rates are in Medicaid managed care. Spending on managed care increased by 25 percent from FY 2014 to FY 2015. Funding for Medicaid state plan authorities and demonstration programs, such as Section 1915(i) and the Money Follows the Person demonstration programs, also has increased.
For more information, read the Truyven Health Analytics report.