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:
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Nathan: nathan@quotewizardnews.com
Related Links
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https://quotewizard.com/news/categories/health
https://quotewizard.com/news/posts/states-with-best-medicaid-benefit-programs
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