New York, New Hampshire and Wisconsin Provide the Best Medicaid Programs in the Nation

Rhea-AI Summary

QuoteWizard®, a LendingTree company, released a report analyzing Medicaid benefits amid rising unemployment, which hit 14.7% in April. Key findings indicate that 21% of Americans utilize Medicaid, with New York, New Hampshire, and Wisconsin offering the top programs. Top states' Medicaid expenditure is 65% higher per person than lower-ranked states, and 29% of individuals in Medicaid expansion states gained access through the Affordable Care Act. The study assessed physician fees, total spending per beneficiary, and state funding percentages to rank Medicaid programs.

Positive

• New York, New Hampshire, and Wisconsin ranked highest for Medicaid benefits.
• Top-ranked states spend 65% more per person on Medicaid than lower-ranked states.
• The report provides valuable insights during rising unemployment.

Negative

• Medicaid remains underfunded at both federal and state levels.
• The overall unemployment rate at 14.7% increases reliance on Medicaid.

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

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SOURCE QuoteWizard

FAQ

What does the QuoteWizard report reveal about Medicaid benefits in the U.S.?

The report highlights states with the best Medicaid benefits, emphasizing New York, New Hampshire, and Wisconsin.

How does the unemployment rate affect Medicaid enrollment?

With the unemployment rate reaching 14.7%, more Americans are seeking Medicaid benefits.

Which state has the highest spending per person on Medicaid?

New York has the highest spending per person on Medicaid at $12,591.

What percentage of Medicaid funding comes from state resources?

On average, states contribute 35% to Medicaid funding, while the federal government covers 65%.