SEATTLE, June 17, 2020 /PRNewswire/ -- QuoteWizard®, a
LendingTree company, and one of the nation's leading online
insurance marketplaces released a report analyzing which states
have the best Medicaid benefit programs.
As U.S. unemployment rose to 14.7% in April, millions of
Americans are seeking unemployment benefits through Medicaid.
Medicaid is notoriously underfunded at both the federal and state
levels; however, some states are capable of providing better
Medicaid benefits than others.
Visit the full report here,
https://quotewizard.com/news/posts/states-with-best-medicaid-benefit-programs
Key findings:
- The 14.7% unemployment rate has left many Americans seeking
Medicaid benefits.
- Nationally, 21% of people receive Medicaid benefits.
- New York, New Hampshire and Wisconsin were found to provide the best
Medicaid programs in the country.
- States with the best Medicaid programs spend 65% more per
person than bottom-level states.
- Top-end states fund their Medicaid programs with higher rates
of state-provided funding.
- 29% of people in Medicaid expansion states became eligible with
expansion under the Affordable Care Act.
Methodology
QuoteWizard analyzed Kaiser Family
Foundation data on Medicaid costs and funding to see which states
offer the best Medicaid benefits. We evaluated three factors to
determine each state's capacity to deliver the best Medicaid
benefits.
- Cost of physician fee for service — Costs the state pays
providers directly for each covered service received by a Medicaid
beneficiary. Figures reflect a state's fees relative to the
national average. A rating of 1.00 is considered to be an average
cost.
- Medicaid funding per beneficiary — Total funding for the
state Medicaid program per person on Medicaid in the state.
- Percentage of total Medicaid funding by the state —
The funding each state provides compared to federal funds. On
average, nationwide, there is a 65% federal funding and 35% state
funding for Medicaid in each state.
Each ranking factor was analyzed to compile a composite score
determining each state's overall capacity to provide the best
Medicaid benefits.
Rank
|
State
|
Unemployment
Rate
|
Cost of
Physician Fee
for Service
|
Total
Spending
Per Person
|
% State
Spending
|
1
|
New York
|
14.5%
|
0.85
|
$12,591
|
49%
|
2
|
New
Hampshire
|
16.3%
|
0.81
|
$11,596
|
40%
|
3
|
Wisconsin
|
14.1%
|
0.8
|
$10,090
|
41%
|
4
|
Minnesota
|
8.1%
|
1.04
|
$11,633
|
43%
|
5
|
New Jersey
|
15.3%
|
0.64
|
$8,856
|
40%
|
6
|
Pennsylvania
|
15.1%
|
0.93
|
$10,321
|
41%
|
7
|
Missouri
|
9.7%
|
0.79
|
$10,760
|
35%
|
8
|
Rhode
Island
|
17.0%
|
0.53
|
$8,393
|
41%
|
9
|
Texas
|
12.8%
|
0.88
|
$8,842
|
43%
|
10
|
Maine
|
10.6%
|
0.85
|
$10,742
|
36%
|
11
|
Kansas
|
11.2%
|
1.01
|
$9,269
|
45%
|
12
|
Illinois
|
16.4%
|
0.85
|
$7,580
|
42%
|
13
|
Virginia
|
10.6%
|
1.1
|
$8,652
|
50%
|
14
|
California
|
15.5%
|
0.76
|
$6,822
|
40%
|
15
|
Massachusetts
|
15.1%
|
1.12
|
$8,670
|
45%
|
16
|
Vermont
|
15.6%
|
1.11
|
$8,907
|
41%
|
17
|
Wyoming
|
9.2%
|
1.38
|
$9,958
|
47%
|
18
|
Nebraska
|
8.3%
|
1.14
|
$8,535
|
47%
|
19
|
North
Dakota
|
8.5%
|
1.35
|
$13,340
|
39%
|
20
|
Connecticut
|
7.9%
|
1.16
|
$9,116
|
41%
|
21
|
South
Dakota
|
10.2%
|
1.1
|
$8,450
|
40%
|
22
|
Ohio
|
16.8%
|
0.85
|
$7,269
|
31%
|
23
|
Indiana
|
16.9%
|
1.05
|
$9,369
|
29%
|
24
|
Florida
|
12.9%
|
0.79
|
$5,797
|
38%
|
25
|
Hawaii
|
22.3%
|
0.89
|
$6,878
|
34%
|
26
|
Iowa
|
10.2%
|
1.04
|
$8,284
|
34%
|
27
|
Colorado
|
11.3%
|
1.13
|
$6,997
|
42%
|
28
|
Delaware
|
14.3%
|
1.4
|
$10,953
|
35%
|
29
|
Maryland
|
9.9%
|
1.35
|
$9,298
|
39%
|
30
|
Washington
|
15.4%
|
0.98
|
$6,662
|
38%
|
31
|
Oregon
|
14.2%
|
1.11
|
$9,369
|
27%
|
32
|
Oklahoma
|
13.7%
|
1.14
|
$7,282
|
39%
|
33
|
Michigan
|
22.7%
|
0.9
|
$6,698
|
29%
|
34
|
Kentucky
|
15.4%
|
0.98
|
$7,509
|
22%
|
35
|
Alaska
|
12.9%
|
2.28
|
$10,457
|
28%
|
36
|
Louisiana
|
14.5%
|
0.97
|
$6,452
|
28%
|
37
|
Utah
|
9.7%
|
1.19
|
$8,249
|
30%
|
38
|
North
Carolina
|
12.2%
|
1.05
|
$6,090
|
32%
|
39
|
Arkansas
|
10.2%
|
0.98
|
$6,837
|
22%
|
40
|
Georgia
|
11.9%
|
1.02
|
$5,408
|
31%
|
41
|
Alabama
|
12.9%
|
0.95
|
$5,460
|
28%
|
42
|
West
Virginia
|
15.2%
|
1.08
|
$6,862
|
21%
|
43
|
Mississippi
|
15.4%
|
1.17
|
$7,490
|
24%
|
44
|
South
Carolina
|
12.1%
|
1.05
|
$4,946
|
28%
|
45
|
Idaho
|
11.5%
|
1.25
|
$6,179
|
29%
|
46
|
Arizona
|
12.6%
|
1.11
|
$6,074
|
23%
|
47
|
Tennessee
|
14.7%
|
N/A
|
$5,999
|
34%
|
48
|
Montana
|
11.3%
|
1.56
|
$7,060
|
22%
|
49
|
Nevada
|
28.2%
|
1.37
|
$6,574
|
25%
|
50
|
New Mexico
|
11.3%
|
1.19
|
$5,915
|
21%
|
About QuoteWizard QuoteWizard (quotewizard.com) is
an insurance comparison marketplace for consumers looking to save
on insurance. QuoteWizard provides consumers with direct access to
thousands of qualified agents in all 50 states, as well as major
carriers, who offer personalized quotes and the opportunity to save
up to 40% on auto, home, health, and life insurance. Agents and
carriers, in turn, benefit from millions of highly qualified leads,
calls, and traffic to their site. Based in Seattle, QuoteWizard was founded in 2006.
For more information, go to quotewizard.com, like our Facebook
page and/or follow us on Twitter @quotewizard.
About LendingTree LendingTree (NASDAQ: TREE) is the
nation's leading online marketplace that connects consumers with
the choices they need to be confident in their financial decisions.
LendingTree empowers consumers to shop for financial services the
same way they would shop for airline tickets or hotel stays,
comparing multiple offers from a nationwide network of over 500
partners in one simple search, and can choose the option that best
fits their financial needs. Services include mortgage loans,
mortgage refinances, auto loans, personal loans, business loans,
student refinances, credit cards and more. Through the My
LendingTree platform, consumers receive free credit scores, credit
monitoring, and recommendations to improve credit health. My
LendingTree proactively compares consumers' credit accounts against
offers on our network and notifies consumers when there is an
opportunity to save money. In short, LendingTree's purpose is to
help simplify financial decisions for life's meaningful moments
through choice, education and support. LendingTree, LLC is a
subsidiary of LendingTree, Inc.
Media Contacts:
Emily: emily@quotewizardnews.com
Nathan: nathan@quotewizardnews.com
Related Links
https://quotewizard.com
https://quotewizard.com/news/categories/health
https://quotewizard.com/news/posts/states-with-best-medicaid-benefit-programs
View original content to download
multimedia:http://www.prnewswire.com/news-releases/new-york-new-hampshire-and-wisconsin-provide-the-best-medicaid-programs-in-the-nation-301078311.html
SOURCE QuoteWizard