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Medicaid spending growth slows to 2.9% as enrollment drops

A Kaiser Family Foundation survey of state Medicaid directors found total Medicaid spending growth slowed to 2.9% this year, and they attributed the trend to a 1.7% decline in enrollment driven by a robust economy. Respondents said Medicaid spending is being driven by rising prescription drug costs, higher health care provider rates and an aging population with growing long-term care costs, and they expect spending growth to reach 6.2% next year.

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