States are facing a more tenuous fiscal climate as they prepare for FY 2027 budget debates. In recent years, tax cuts combined with changes in inflation and consumer consumption patterns has led to slowing state revenue growth following a period of record-breaking revenue and expenditure growth for states after the initial pandemic-induced economic downturn. This brief describes current state fiscal conditions as states begin FY 2027 budget debates and highlights key areas to watch for Medicaid policy changes as states respond to fiscal challenges and the 2025 reconciliation law.
Read the full article: Medicaid and Upcoming State Budget Debates //
Source: https://www.kff.org/medicaid/medicaid-and-upcoming-state-budget-debates/