Long-term Forecast of Medicaid Enrollment Spending in Alaska:
Long-term Forecast of Medicaid Enrollment Spending in Alaska:
Long-term Forecast of Medicaid Enrollment Spending in Alaska:
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Total <strong>Medicaid</strong> Claims <strong>Spend<strong>in</strong>g</strong><br />
$1.1 billion <strong>in</strong> 2009 to $3.4 billion <strong>in</strong> 2029, for an annual growth rate <strong>of</strong> 5.8<br />
percent.<br />
Figure 8: Each elderly enrollee costs about four times as much as a child<br />
AVERAGE TOTAL CLAIMS SPENDING PER ENROLLEE<br />
Total spend<strong>in</strong>g per enrollee<br />
$50,000<br />
$45,000<br />
$40,000<br />
$35,000<br />
$30,000<br />
$25,000<br />
$20,000<br />
$15,000<br />
$10,000<br />
$5,000<br />
$0<br />
Source: <strong>Medicaid</strong> Budget Group: MESA Model<br />
The higher costs <strong>of</strong> car<strong>in</strong>g for the elderly will <strong>in</strong>crease the total share <strong>of</strong> spend<strong>in</strong>g<br />
on elderly care. As a result, each <strong>of</strong> the three age groups will account for about<br />
one-third <strong>of</strong> <strong>Medicaid</strong> spend<strong>in</strong>g, despite the fact that the elderly are projected to<br />
account for only 14 percent <strong>of</strong> total enrollment <strong>in</strong> 2029.<br />
Figure 9: Total spend<strong>in</strong>g <strong>in</strong> 2029 will be almost four times the 2009 value<br />
TOTAL SPENDING BY SERVICE GROUP<br />
Millions<br />
$4,000<br />
Actual Projected<br />
$3,500<br />
Total spend<strong>in</strong>g<br />
$3,000<br />
$2,500<br />
$2,000<br />
$1,500<br />
$1,000<br />
$500<br />
$0<br />
Source: <strong>Medicaid</strong> Budget Group: MESA Model<br />
2009 2014 2019 2024 2029<br />
Children Work<strong>in</strong>g Age Elderly<br />
Primary Care <strong>Long</strong>-<strong>term</strong> Care Behavioral Health<br />
<strong>Long</strong> Term <strong>Forecast</strong> <strong>of</strong> <strong>Medicaid</strong> <strong>Enrollment</strong> and <strong>Spend<strong>in</strong>g</strong> <strong>in</strong> <strong>Alaska</strong>: 2009‐2029<br />
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