Panelists examined the Medicaid program, how it functions, how it ought to be reformed, and how reform legislation might be enacted.

Medicaid accounted for 14.8 percent of the $2.1 trillion in total health spending in 2006 and 7 percent of the federal budget in 2007. In the next ten years, Medicaid expenditures are projected to grow at a rate of 7.9 percent per year, a rate that exceeds the growth of...