The Big Beautiful Bill will cut Medicaid, including TennCare, Tennessee’s version of Medicaid. (Photo by Shauneen Miranda/States Newsroom)
Tennessee’s one-of-a-kind TennCare Medicaid waiver program crossed over $1 billion in savings, TennCare Director Stephen Smith told state officials during the agency’s budget hearing Thursday.
The program, referred to as “shared-savings,” is a Medicaid waiver that allows the state to access about half of the money it saves from its federal allocation to pay for insurance coverage for the state’s poorest residents…