The state of New Mexico is seeking to maximize federal Medicaid funds in its spending plan as Donald Trump takes office. Governor Michelle Lujan Grisham’s proposal includes a $7.6 billion budget, with an increase in state spending on Medicaid by $92 million to leverage more federal dollars.
This move comes amidst uncertainty surrounding the future of Medicaid funding under the new administration. Governor Grisham is aiming to secure as much federal support as possible to ensure continued healthcare coverage for low-income residents in the state.
The spending plan also includes investments in education and public safety, as well as funding for economic development initiatives. Governor Grisham emphasizes the importance of balancing the budget while prioritizing resources for critical services.
With the transition to a new presidential administration, states like New Mexico are adapting their spending plans to maximize federal funding and continue providing essential services to residents. It remains to be seen how the new administration will affect Medicaid funding, but Governor Grisham is taking proactive steps to protect healthcare coverage for vulnerable populations in the state.
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