MEDICAID FEDERAL SHARE OF MATCHING FUNDS

Transcription

1 MEDICAID FEDERAL SHARE OF MATCHING FUNDS revised by EDR based on FFIS Estimated for FFY 2019 August 3, 2017 Effective State Budget Year State adopted February 2017 State State FY real Difference in state time blend FFY FFY Enhanced Federal Status of underlying Federal percentage calculation FY Confirmed FY Confirmed FY Confirmed FY Confirmed by Federal Register for July September; Estimated for remainder FY Estimated FY Estimated FY N/A N/A Estimated 1. The federal fiscal year percentages used in calculating the estimated federal share of Medicaid matching funds as budgeted by state fiscal year are subject to future revision depending on changes to the forecasts of Florida and U.S. personal income and population. The personal income and population figures used in this forecast are based on the National and Florida economic forecasts and the Florida demographic forecast as adopted in July The State FY real time blend aligns the FFY (October September) to the State Budget Year (July June);.25*( from Q4 of the prior FFY) +.75*( from Q1 Q3 of the current FFY). 3. The as shown is the resulting from the source data, confirmed when data available, otherwise estimated. 4. The Enhanced is the matching rate used for the Title XXI funded Child Health insurance Program, Florida's KidCare program. The addon to the Enhanced is time limited per the ACA (October 1, 2015 through September 30, 2019). Note: Italicized text reflects historical figures. Unitalicized text reflects forecasted figures. Page 1

2 CALCULATION OF BASE FEDERAL MEDICAL ASSISTANCE PERCENTAGE FLORIDA DATA NATIONAL DATA 3 yr average 3 yr average Effective State Florida U.S. Budget Year BEA Florida BEA Florida Per Capita BEA U.S. U.S. Per Capita Growth Growth Personal Florida Per Capita Personal Personal BEA Per Capita Personal Rate of Florida Growth Rate of U.S. Growth Calendar Income Population Personal Income Income U.S. Personal Income Personal Rate of Florida Personal Rate of U.S. Year (Millions $) (millions) Income Squared (Millions $) Population Income Squared Income Population Income Population , ,788 11,995, , , ,655 1,577,766,544 12,492, ,082 1,636,325, , ,065 1,508,208,396 12,079, ,376 1,607,450, History , ,626 1,478,279,348 12,459, ,277 1,619,653, , ,494 1,499,880,983 13,233, ,461 1,656,861, , ,000 1,603,196,186 13,904, ,282 1,792,666, , ,797 1,661,670,454 14,068, ,493 1,913,650, , ,905 1,727,819,164 14,801, ,464 2,032,172, , ,487 1,825,810,350 15,463, ,190 2,151,313, , ,819 1,971,676,241 16,017, ,571 2,311,194, , ,005 2,094,941,305 16,598, ,013 2,459,300, Forecast ,032, ,527 2,220,019,403 17,373, ,973 2,619,971, ,086, ,314 2,363,443,056 18,269, ,265 2,817,858, FEDERAL MEDICAL ASSISTANCE PERCENTAGE Feb 17 Jul 17 update update change Federal Medical Assistance Percentage formula: [ 1.45 ] 3 yr avg Florida per capita personal income 2 X 3 yr avg U.S. per capita personal income 2 Because the Economic Estimating Conferences produce estimates of Florida and U.S. population and personal income that are different in definition and timing than the data from the Bureau of Economic Analysis (upon which the formula is based), it is necessary to convert the Estimating Conference forecasts to a BEAtype definition. This is accomplished by applying the growth rates of the relevant variables from the National and Florida Economic Estimating Conference forecasts to the BEA income and population history. FFY confirmed per Fed Register, Dec 2014, not estimated FFY confirmed per Fed Register, Nov 2015, not estimated FFY confirmed per Fed Register, Nov 2016, not estimated FFY preliminary FFIS projection based on preliminary 2016 BEA data, Mar 2017 FFY FFY FFY N/A N/A Summary Table (1 ) Factor (1 ) *Factor ACA Increase Enhanced = +(1 )*Factor +ACA Increase RATE FFY E RATE.FFY RATE FFY E RATE.FFY RATE FFY E RATE.FFY RATE FFY E RATE.FFY RATE FFY E RATE.FFY RATE FFY E RATE.FFY RATE FFY E RATE.FFY Page 2

3 BEA Florida BEA BEA U.S. BEA Personal Florida Personal U.S. Calendar Income Population Income Population Year (Millions $) (millions) (Millions $) (millions) , ,995, , ,492, , ,079, , ,459, , ,233, , ,904, , ,068, , ,801, , ,463, , ,017, preliminary Actual BEA data , ,598, BEA data adjusted by FL forecast growth rates ,032, ,373, ,086, ,269, NATIONAL AND FLORIDA ECONOMIC U.S. AND FLORIDA VARIABLES July 2017 Calendar fdec feec neec neec Year FMPOPQ FYPERS UMPOP UYPERS , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,030, , , , ,084, , , , ,141, , , , ,196, , , , ,250, , , Page 3

4 Effective State Budget Year Monthly (Forecast in bold) Federal Fiscal Year Calculated E ACA Increase of 23 percentage points (10/11/15 9/30/19) Effective State Budget Year Monthly (Forecast in bold) Federal Fiscal Year Calculated E Jul Aug Sep Oct Oct Nov Nov Dec Dec Jan Jan Feb Feb Mar Mar Apr Apr May May Jun Jun Jul Jul Aug Aug Sep Sep Oct Oct Nov Nov Dec Dec Jan Jan Feb Feb Mar Mar Apr Apr May May Jun Jun Jul Jul Aug Aug Sep Sep Oct Oct Nov Nov Dec Dec Jan Jan Feb Feb Mar Mar Apr Apr May May Jun Jun Jul Jul Aug Aug Sep Sep Oct Nov Dec Jan Feb Mar Apr May Jun ACA Increase of 23 percentage points Page 4

5 Federal Medical Assistance Percentage () FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % FY % Last actual Page 5