The Bureau of Economic Analysis (BEA) has released revised state personal income data for 2024 (release, interactive data). The federal government uses state per capita personal income to calculate each state’s federal reimbursement rate for Medicaid and other grants—the Federal Medical Assistance Percentage (FMAP). The Children’s Health Insurance Program (CHIP) uses an enhanced FMAP, which is higher than the Medicaid FMAP. This BEA release allows calculation of final fiscal year (FY) 2...
