Report Shows Medicaid Expansion a Bargain for Mississippi and Other States
Posted Tuesday, December 04, 2012
A new report released by the Henry J. Kaiser foundation found that Medicaid expansion would only result in states paying 3 percent more in overall Medicaid spending.
The Kaiser report showed that the federal government would pick up the brunt of Medicaid expansion costs while states would save $18 billion in uncompensated care costs. Mississippi and other states would see significant savings from reduced spending on emergency room care for the uninsured.
To read the Kaiser report please click here.
While the Kaiser study examined Medicaid expansion's impact on all states, a recent report by the Institutions of Higher Learning (IHL) looked solely at expansion's impact on Mississippi's budget. With over $1 billion in new federal revenues coming into the state, IHL economist found that that the cumulative net costs of Medicaid expansion to Mississippi through 2020 is $109.4 million.
The IHL report also found that expanding Medicaid would result in over 9,000 new jobs in Mississippi and over 300,000 working Mississippians, currently uninsured or underinsured, would gain the security of health insurance.