Peridot Medicaid expenditures on Medicine Services and Procedures total $245,338 in 2024

In 2024, Medicaid providers in Peridot billed $245,338 for services classified under the Medicine Services and Procedures category, according to figures from the U.S. Department of Health and Human Services Medicaid Provider Spending database. This amount represents a 6.8% increase from 2023, when providers filed $229,767 in claims for the same service type.

Medicaid, a public health insurance program, is operated by the states and funded through both federal and state governments. It provides coverage to low-income individuals and families, seniors, children, and people with disabilities, and is one of the largest components of the U.S. health care system.

Since Medicaid is funded by taxpayers, shifts in local billing amounts reveal how public health dollars are spent within a community.

The “Medicine Services and Procedures” category includes a set of Medicaid-billed services defined by the type of care delivered, based on standardized HCPCS and CPT code sets. For this reporting, each billing code was placed into a single service group using consistent code ranges and prefixes, enabling better analysis of comparable services and preventing duplication while maintaining ranking accuracy over time.

Even though Medicaid outlays grew in several service areas, Medicine Services and Procedures accounted for the second-highest total Medicaid payments in Peridot in 2024.

Statewide in Arizona, the Medicine Services and Procedures category held fifth place in total Medicaid payments for 2024.

Looking at the five years before 2024, Medicaid spending related to the Medicine Services and Procedures category in Peridot rose by $13,177, or 5.1%. Growth in spending was especially notable in some years, with sizable year-over-year increases seen in 2020 and 2021.

Spending under the Medicine Services and Procedures category was spread out throughout Peridot, but payments were focused in a small number of ZIP codes. In 2024, ZIP code 85542 reached $245,337 in Medicaid payments for this category. Altogether, the leading 1 ZIP codes accounted for the entire Medicaid spending in this service area within the city for the year.

Payments within the Medicine Services and Procedures category were also centered on a small set of billing codes.

To compare, Medicaid payments in Peridot for this category grew by 6.8% from 2023 to 2024, while total Medicaid claim categories in the city saw a 8.9% change during the same timeframe.

Data from the Centers for Medicare & Medicaid Services shows that joint federal and state Medicaid expenditures totaled about $871.7 billion in fiscal year 2023, representing close to 18% of all national health spending. This is a significant jump from $613.5 billion in 2019, before the COVID-19 emergency.

This increase marks around 40% growth over a few years, driven mainly by greater enrollment and increased utilization both during and after the pandemic years.

Recent federal budget changes under the Trump administration have introduced major plans to reduce federal Medicaid outlays and restructure the program. The “One Big Beautiful Bill Act,” signed into law in 2025, is set to trim more than $1 trillion from federal Medicaid funding over the next 10 years, bringing in policies like work requirements and higher cost-sharing, which could decrease coverage and funding for some recipients. These moves are likely to shift more financial responsibility to states and slow future federal Medicaid funding growth, even as the program continues serving tens of millions nationwide.

Note: HCPCS codes are presented for context within the category. Totals and rankings discussed in this article are based on standardized groupings rather than specific billing codes.

Details in this article originate from the U.S. Department of Health and Human Services Medicaid Provider Spending database. Original source data can be found here.