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Andy Beshear: “Kentucky has received an unexpected and unbudgeted amount of…”

Featuring: Andy Beshear, Democratic | Governor of Kentucky

Gov. Andy Beshear - Update on Medicaid Funding 7/22/26

Published July 22, 2026 | Video Starts at 04:29

… two fiscal years than was anticipated or assumed in the budget that was passed this last session. A third piece of good news for the month of July. So far, Kentucky has received an unexpected and unbudgeted amount of corporate income tax payments totaling over $350 million. That's in addition to our regular collections. To put this into perspective, we've never had a month where in the corporate income tax we've collected over 3,300 million dollars. (04:29–04:40)

CLAIM

Asserts that Kentucky received over $350 million in unexpected corporate income tax payments.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Andy Beshear

“We turned a $156 million deficit into a $476 million surplus.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 03:52-04:01
“We've never had a month where in the corporate income tax we've collected over 3,300 million dollars.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 04:44-04:51
“The order was expected to save Kentuckians $26.8 million during the first month.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 25:42-25:49
“The consensus forecasting group...expected a $156 million revenue shortfall for the fiscal year we just closed 2026.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 03:15-03:42
“In January, I put forward a proposed budget to the General assembly that...fully funded the Department for Community Based Services.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 05:17-05:27
“It maintained both the full funding and full services for health providers.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 05:28-05:33
“It fully funded Medicaid.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 05:33-05:36
“It expanded the number of Michelle P. Waiver slots for families of children with autism.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 05:37-05:42
“It provided the dollars needed for senior meals.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 05:48-05:52
“The Republican supermajority drafted and passed a budget that underfunded all of the areas I just talked about.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 05:52-06:00
“I've already announced the use of over $200 million of savings from efficiently running government to help in some of those areas.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 06:04-06:13
“The budget surplus from the last fiscal year and the $350 million in extra tax payment provide a total of $781 million in surplus funds…”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 06:28-06:43
“My administration will apply $255 million from these funds to close the Medicaid gap and reverse the General Assembly's cuts.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 06:53-07:03
“We will not have to implement those 4% provider fee schedule cuts.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 07:09-07:12
“There will be no 4% cut [to Medicaid provider fees].”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 07:09-07:12
“I'll still deposit over 400 million unexpected dollars in [the Rainy Day Fund] by the end of the fiscal year.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 07:24-07:32
“I believe I will ultimately deposit about or over a billion dollars of unexpected dollars into that Rainy Day fund.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 07:31-07:41
“This represents more than a 25% growth in the [Rainy Day] fund in one year.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 07:31-07:46
“These dollars weren't expected by anyone, including the General Assembly.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 08:08-08:12
“Leadership of the General assembly, including direct quotes from the speaker of the House, have repeatedly stated that they've given me more…”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 08:30-08:40
“Medicaid is a necessity for families like [Becca A. Frankfort's].”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 19:54-19:54
“The supermajority added new Michelle P. Waiver slots, they underfunded the existing ones.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 22:31-22:38
“They provided the same amount of funding for the existing recipient's health care as they did two years ago.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 22:39-22:46
“We're closing that gap and funding the additional costs of the existing slots that were underfunded.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 22:48-22:55
“Another area that was underfunded by the General assembly was our Senior meals program.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 23:27-23:33
“I put forward a balanced budget in January that included $18.2 million more than what the General assembly included in their budget.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 23:43-23:54
“The General assembly provided $9.1 million less in senior meal funding than we had put forward.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 23:59-24:07
“In 2025, the need for funding towards the [Senior meals] program increased as some area development districts exhausted all previously…”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 24:12-24:24
“I reallocated an additional $9.1 million for those senior meals.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 24:24-24:37
“Today I'm announcing we're adding an extra $4 million for this fiscal year 27 towards senior meals.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 24:58-25:06
“I lowered the gas tax. The order reduced the gas tax by 10 cents, resulting in a 10 cents per gallon price decrease for Kentuckians.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 25:31-25:41
“We are operating Kentucky's business more efficiently, which is how we saved money.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 29:19-29:27
“We're not going to see a 4% cut in Medicaid [this fiscal year].”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 29:46-29:55
“Lee's specialty clinic is funded, the Michelle P. Waiver slots are funded.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 29:55-30:01
“The next fiscal year was part of that last budget. They pass a two-year budget and the cuts still exist in that budget.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 30:01-30:11
“They also have bigger cuts to state government, which we are still taking in the majority of areas that we have.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 30:19-30:28
“What needs to happen in January is absolutely a reopening of the budget.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 30:28-30:33
“We're not going to provide $1 more for most of Medicaid than we did two years ago.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 31:33-31:39
“There's about a million people on Medicaid [in Kentucky].”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 31:38-31:41
“We should always fully fund the Michelle P. Waiver slots.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 32:48-32:48
“We should always fully fund Medicaid.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 32:51-32:54
“Healthcare is a basic human right.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 33:14-33:17
“There's about a million Kentuckians that are on Medicaid right now.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 35:20-35:24
“Our administration is in contact with the General Assembly every day.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 38:54-39:01
“The federal government can't stop this move and in the end it will leverage significant federal funds.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 40:44-40:52
“There are still substantial cuts that have been made to Medicaid by the big ugly bill.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 41:03-41:08