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Andy Beshear: “This represents more than a 25% growth in the [Rainy Day]…”

Featuring: Andy Beshear, Democratic | Governor of Kentucky

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

Published July 22, 2026 | Video Starts at 07:31

I believe I will ultimately deposit about or over a billion dollars of unexpected dollars into that Rainy Day fund, representing This represents more than a 25% growth in the [Rainy Day] fund in one year. In other words, we have plenty of dollars coming in to make this investment with that 255 million to make sure that people can still get the health care they … (07:31–07:46)

CLAIM

Asserts that the Rainy Day Fund will grow by more than 25% in one year.

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
“Kentucky has received an unexpected and unbudgeted amount of corporate income tax payments totaling over $350 million.”
Gov. Andy Beshear - Update on Medicaid Funding 7/22/26 | Uploaded July 22, 2026 | 04:29-04:40
“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
“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