The state of New Mexico is looking to increase federal Medicaid funding as President-elect Donald Trump takes office. Governor Michelle Lujan Grisham has proposed a new spending plan that includes a request for more federal dollars to support the state’s Medicaid program. The plan comes at a time when uncertainty surrounds the future of Medicaid funding under the incoming Trump administration.
The proposed spending plan includes a request for $50 million in additional federal funding for Medicaid, which provides healthcare coverage for low-income individuals and families. The state is facing a budget shortfall of $69 million due to rising Medicaid costs and a decrease in expected revenues. Governor Lujan Grisham hopes that the increased federal funding will help offset some of these costs and ensure that New Mexico residents continue to have access to essential healthcare services.
The governor has also proposed a $7.6 billion budget that includes investments in education, public safety, and economic development. The plan aims to address some of the state’s most pressing challenges, including high poverty rates and a struggling economy. Governor Lujan Grisham is hopeful that the increased federal funding for Medicaid will help support these initiatives and improve the lives of New Mexico residents.
As President-elect Trump prepares to take office, the future of federal funding for Medicaid remains uncertain. Governor Lujan Grisham’s proposed spending plan reflects the state’s efforts to secure additional funding and ensure that essential healthcare services are not jeopardized. The plan will now be considered by the state legislature, where lawmakers will have the opportunity to review and approve the proposed budget.
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