Truly Bizarre Treasury Data

I’m not sure what’s going on here, but this much I do know — nobody is talking about this in the media, and they should be.
The latest MTS (Monthly Treasury Statement) has some interesting data that I cannot explain when it comes to Medicare and Medicaid.
Specifically, it appears that Medicare and Medicaid spending is down materially in the first couple of months of the year (by about 5%). This is chimera, however, and the internals are really troubling.
First, the funds given to the states for Medicaid are up by 4.55%. That’s bad. Worse, by a lot, are the SCHIP (children’s health fund) payments, which I’ve flagged repeatedly — they’re up an outrageous 13.9% over comparable year period.

This post was published at Market-Ticker on 2017-12-26.

 

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