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Medicaid director cites drug costs, aging population and PBM changes as primary budget drivers
Summary
Ohio Department of Medicaid Director Maureen Corcoran told the Senate Medicaid Committee that prescription drug cost growth, demographic aging and per-member cost increases are the main drivers of a Medicaid budget rise, and highlighted gains from a single pharmacy benefit manager and OhioRISE children's behavioral-health outcomes.
Ohio Department of Medicaid Director Maureen Corcoran told the Senate Medicaid Committee that rising prescription drug costs, an aging population and higher per-member-per-month health care costs are the primary drivers of Medicaid spending increases in the next biennium.
Corcoran said the department—s executive budget for fiscal 2026 totals about $42.3 billion in all funds with a state GRF share of about $6.5 billion; the department projects further increases in fiscal 2027. She asked lawmakers to weigh programmatic priorities, cost-containment proposals and potential federal changes when reviewing the budget.
Corcoran identified prescription drugs as an outsized driver: she told senators that drug costs accounted for about 6.2% of…
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