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October 11, 2010--PHILADELPHIA--(BUSINESS WIRE)--Core administrative expenses of Medicaid plans fell by 5.2% per member per month (PMPM) in 2009 versus a decline of 1.4% in 2008. After eliminating the effects of changes in product mix, PMPM costs declined by 5.8% in 2009 versus 2.7% in 2008.
Medicaid Plans Accelerate Decline in Core Administrative Costs
Seeded on Wed Oct 13, 2010 1:03 PM EDT
Article Source: fiercehealthcare.com- Enjoy this article? Help vote it up the 'Vine.
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#1 - Wed Oct 13, 2010 1:04 PM EDTAccording to Douglas B. Sherlock, CFA, Sherlock Company's president, "This year's decline in costs builds on last year's. The 13% per member decline in Account and Membership Administration compounds the 6% decline in the prior year."
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