Budget analysis by Legislative Fiscal Research

Home Care agencies who have been following the budget crisis in North Carolina might want to peruse the latest (May 6, 2009) discussion of projected Revenue, available online. Dr. Barry Boardman, of the Fiscal Research Division of the General Assembly, citing consensus estimates, projects as follows:

“Revised consensus numbers suggests if normal
long-term growth resumes in 2011-12, then it will
be 2013-14 before revenues equal the $20.8
billion budget number of 2008-09”

In other words, it could be four years before the State again has enough money to pay for Medicaid what it did in the current fiscal year ending June 30.

The full analysis by Dr. Boardman, et al, is available here.

This projection by Dr. Boardman, if it comes true, will drive structural changes in the State’s Medicaid budgeting that will force PCS providers to change the way they do business.

We suggest you take his projections to heart and make plans for your business to be more efficient over the long haul by contacting SembraCare.