State overspent Medicaid budget by more than $1.4 billion
RALEIGH, N.C. (News and Observer) —A state audit of the $13 billion Medicaid budget has revealed a growing list of problems including overspending, inflated administrative costs and a violation of the law, according to The News and Observer.
Gov. Pat McCrory used the audit as an example of faulty government, and as an area he plans on fixing.
State Auditor Beth Wood revealed during a press conference on Thursday, that over the last three years, the state has overspent its Medicaid budget by more than $1.4 billion.
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