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. 1993 Summer;14(4):111–132.

Table 7. States, by Method of Valuing Capital: 1987-89.

State Method
Alabama Historic costs plus replacement value
Alaska Historic costs
Arizona (1989 only) Historic costs
Arkansas Historic costs
California Historic costs
Colorado Rental value
Connecticut Historic costs
Delaware No method for valuing capital
District of Columbia Historic costs
Florida Rental value
Georgia Historic costs plus replacement value
Hawaii Historic costs
Idaho Rental value
Illinois Historic costs
Indiana Historic costs plus market value
Iowa Medicare
Kansas Historic costs
Kentucky Historic costs
Louisiana Historic costs
Maine Historic costs
Maryland Rental value
Massachusetts Historic costs
Michigan Imputed value
Minnesota Replacement value
Mississippi Historic costs
Missouri Replacement value
Montana Historic costs
Nebraska Historic costs
Nevada Historic costs
New Hampshire Historic costs
New Jersey Replacement value
New Mexico Historic costs
New York Historic costs
North Carolina Historic costs plus replacement value
North Dakota Historic costs plus market value
Ohio Imputed value
Oklahoma Historic costs
Oregon Historic costs plus market value
Pennsylvania Historic costs
Rhode Island Historic costs
South Carolina Historic costs
South Dakota Historic costs
Tennessee Historic costs
Texas Historic costs
Utah Historic costs plus imputed value
Vermont Historic costs plus imputed value
Virginia Historic costs
Washington Historic costs
West Virginia Replacement value
Wisconsin Historic costs plus replacement value
Wyoming Historic costs

SOURCE: Institute for Health and Aging and National Governors' Association: State Medicaid Reimbursement Survey, San Francisco, 1989.