Trump's Proposal to Change Medicaid Funding Could Lead to Lower Funding for States
There are uncertainties for state budgets ahead of Donald Trump becoming president, including what happens to federal aid for Medicaid.
President-elect Trump's plan to convert Medicaid to a block grant program could lead to lower federal funding to states, according to Fitch Ratings. Reduced federal aid could cause states to tighten spending overall but, according Fitch, states may also get new flexibility with any program change. The lack of clarity on Medicaid funding is one of several uncertainties facing states ahead of the new administration taking power in Washington. TheStreet's Rhonda Schaffler spoke with Laura Porter, who heads state ratings for Fitch.
