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The average federal matching assistance percentage across the U.S received by the typical state is approximately 60 percent of overall Medicaid spending.
What is Medicaid?
Medicaid is a federal and state programme in the United States that assists people with limited income and resources with their healthcare costs. Medicaid also provides services that are not normally covered by Medicare, such as nursing home care and personal care services.
The amount that states spend determines federal Medicaid spending. The Federal Medical Assistance Percentage determines the federal share of most health-care services (FMAP). The formula is intended to account for states' varying ability to fund Medicaid through their own revenues. The statutory minimum is 50% and the maximum is 83 percent.
Therefore, approximately 60 percent of overall Medicaid spending is received by a typical state in the U.S.
To learn more about Medicaid, click here:
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