From WisPolitics.com/WisBusiness.com …
— Wisconsin spent 13.7% of its own resources on Medicaid in fiscal year 2023, marking an increase from the state’s 15-year average, a new Pew report shows.
The analysis found the state’s Medicaid spending for the fiscal year was 0.6 percentage points above its average of 13.1%. Nationally, states spent 15.1% of their own resources on Medicaid in fiscal year 2023, which is 0.5 percentage points lower than the 15-year average.
“Looking ahead, the share of state budgets spent on Medicaid is likely to remain elevated through fiscal 2024, but potential shifts in federal policy could reshape the program’s fiscal footprint within states over the longer term,” authors wrote.
Compared to all other states, Wisconsin had the sixth-highest increase by percentage for this measure. In the Midwest region, Wisconsin had the second-highest increase after Minnesota, where 17.9% in spending was up 1 percentage point from the average.
The report spotlights a “sharp rise” in Medicaid spending for the fiscal year, as states collectively allocated $294.1 billion of their resources to Medicaid, an increase of 17.8% or $44.4 billion from the previous year. This was driven by higher federal Medical funding from the pandemic phasing out in 2023 and higher enrollment totals in the program.
At the same time, Pew notes growth in states’ “own-source revenue slowed dramatically,” rising just 1% from fiscal year 2022 to fiscal year 2023. That’s well below the 14% increase between fiscal years 2021 and 2022.
Wisconsin’s own contribution to Medicaid spending was $4.69 billion in fiscal year 2023, making up 36.5% of the state’s $12.8 billion total for Medicaid spending for the year, the report shows. The federal government contributed the other $8.16 billion.
At the national level, states contributed $294 billion or 32.6% of total Medicaid spending for fiscal year 2023, while the federal government contributed the other $607 billion.
See the report.
— Milwaukee’s Dohmen Company Foundation joined a recent $16 million investment round in Washington startup Mealogic, which has a nationwide meal delivery platform.
Rachel Roller, the foundation’s president and CEO, says the company aims to help health care providers, entrepreneurs and others looking to enter the “food as medicine ecosystem” that connects nutritional choices to health and wellness.
“That kind of enablement is exactly what our country needs right now — a vibrant, expanding market of efficacious food-based health solutions that can reach more people, more effectively,” she said in a statement on the investment.
The company will use the funding to improve its customer experience, scale businesses development and expand access to its personalized meal delivery services, the foundation says. The announcement noted its role in efforts to prevent and reverse diet-related disease, a major focus for the organization.
Mealogic’s platform includes e-commerce, food production and delivery services for its clients, which can include other wellness brands or clinical programs that require specific nutrition standards. The company currently has more than 40 clients, according to CEO Derek Mansfield.
“Our platform allows partners to deliver high-quality meals that reflect their unique dietary programs — whether they’re focused on metabolic health, complementing GLP-1 protocols, or any myriad of other nutrition-focused plans,” Mansfield said, referring to protocols around certain treatments for diabetes and obesity.
The lead investor in the round, Chicago-based S2G Investments, is a multi-stage venture capital firm that often invests in companies in food and agriculture industries. Individual contributions of investors in the round were not disclosed.
See the release.
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