Individual and Family Health Insurance
|
Students Health Insurance
|
Children Health Insurance
|
Medicare Plans
|
Business Health Insurance
|
Group Health Insurance
Health Insurance Help

Affordable Health Insurance

as easy as: GET QUOTES
COMPARE PLANS, over 500 plans to choose from
APPLY ONLINE
Individual and Family Plans
Child Only Plans - Ages 0-18
Senior Medicare Plans - Ages 65+
Dental Insurance
Group Health Insurance
Enter Zip code     

« Senate Finance Commit… | Back to News List | Social Security offic… »

States spending plummets as revenue comes up short

20 06 08 - 16:01



Spending by states in the coming fiscal year will plummet as revenues continue to come up short and expenses like health care and employee pensions continue to mount, according to a report released Thursday.

The midyear survey of state finances by the National Governors Association and the National Association of State Budget Officers showed state spending nationally will grow by just 1 percent in the fiscal year that begins in most states July 1.

That's down from a 30-year average growth of 6.7 percent. It's also a considerable drop from the current year, which saw spending growth of about 5 percent.


The joint survey also found that 18 states reported their upcoming budgets will be smaller than spending plans for the current year. Just four states said their budgets shrunk this year.

Still, the situation is not as bad as the post-Sept. 11 downturn, at least not yet, said NASBO executive director Scott Pattison. "It is certainly a weakening fiscal situation and unfortunately we're very concerned about the future," he said.

NGA Executive Director Ray Scheppach says as bad as things are, the real concern is that conditions will get worse for states, whose recovery typically lags behind the national economy.

"We're fearful that this is going to be a three or four year kind of struggle for states," Scheppach said.

The report also found:

_Thirteen states were forced to cut their budgets during this fiscal year; by contrast only three states had to make midyear budget cuts last year.

_The number of states with revenue shortfalls increased this year, with 15 states exceeding their projections, 14 states meeting projections and 20 states falling below what they estimated.

Estimated spending on Medicaid, the joint state-federal health care program for poor families and children, will increase 4.4 percent in governors' recommended budgets next year, more than four times the rate of overall spending growth in those budgets.

The 18 states reporting negative growth for the upcoming fiscal year: Alabama, Alaska, Arizona, California, Florida, Kentucky, Maine, Michigan, Montana, New Jersey, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Virginia, West Virginia and Wyoming.

Click here to compare Medicare plans with major health insurance carriers.


 

Archives

Search!

 
Corporate Family Health Insurance Quotes Business Health Insurance Quotes Senior Health Insurance Quotes
Home
About Us
Contact Us
Legal Terms & Licenses
Site Map
Individual & Family Quotes
Child Health Insurance Quotes
Students Health Insurance
Short-term Health Insurance
Dental Insurance Quotes
Business Health Insurance Quotes
Group Health Insurance Quotes
Group Dental Insurance Quotes
Group Vision Insurance Quotes
Medicare Supplement Quotes
Medicare Advantage Quotes
Senior Dental Insurance Quotes
Prescription Drug Plans / Part D
Health Insurance Companies Health Insurance Plans

California

Aetna
Anthem Blue Cross
Blue Shield of California
Celtic
Health Net
Health Net - Farm Bureau
Kaiser Permanente
United Healthcare-PacifiCare

Colorado

Aetna
Anthem Blue Cross Blue Shield
Celtic
HumanaOne
Kaiser Permanente
Rocky Mountain Health Plans

Nevada

Aetna
Anthem Blue Cross Blue Shield
Celtic
Health Plan of Nevada, Inc.
HumanaOne
Sierra Health and Life Insurance Company, Inc.
United Healthcare-PacifiCare
California Health Insurance Plans
Colorado Health Insurance Plans
Nevada Health Insurance Plans
Health Insurance Resources International Health & Life Insurance
Health Insurance Brochures
Health Insurance Companies in:
California, Colorado, Nevada
Health Insurance Glossary
Healthy Families Program
Access for Infants and Mothers
Health Center
Health Insurance News
Online Support
FAQ
International Health & Life Glossary
Major Medical & Term Life
International Student Health Insurance
Travel Insurance
Group Travel Insurance
Frequent Traveler Insurance
MultiNational Accident Plan
International Term Life
MultiNational Group Benefit

web developed and powered by noble technologies