Cook pasta according to package directions but cook al dente (not over cooked).
In the meantime, cook bacon in microwave on paper towels. Be sure to cover the bottom and top of bacon with paper towels. Cook about 2-3 minutes, until crispy. Blot well with paper towels. Crumble and set aside for topping soup.
Next, place milk and ricotta cheese in a blender and pulse until smooth.
In a large pot, add chicken broth, undiluted cheese soup, milk/ricotta cheese sauce, ⅔ cup shredded cheddar cheese, butter, smoked paprika, garlic powder, and a little pepper. Stir often, over medium heat, until cheese is melted, about 10 minutes. Stir in cooked macaroni pasta.
To serve: ladle 1¼ cups soup into each bowl. Top with 1 tablespoon cheese and a little crumbled bacon and scallions.