Federal Government Announces Medicaid Funding Percentages for Fiscal Year 2003

Summary

The US Department of Health and Human Services has released the Federal Medical Assistance Percentages and Enhanced Federal Medical Assistance Percentages for Fiscal Year 2003, which will be effective from October 1, 2002, to September 30, 2003. These percentages will be used to determine the amount of federal matching funds for Medicaid and the State Children's Health Insurance Program (SCHIP) expenditures.