New Study Confirms That Obamacare Is Saving States Money

Discussion in 'News / Current Events' started by Crabtownboy, Dec 24, 2015.

  1. Crabtownboy

    Crabtownboy
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 12, 2008
    Messages:
    16,632
    Likes Received:
    158
    Many of the states that agreed to expand the eligibility requirements for their Medicaid programs under the health law are reaping millions of dollars in savings, according to two new reports that confirm the financial benefits in store for state lawmakers who implement this particular Obamacare provision.

    The first study, from the Robert Wood Johnson Foundation, examined Kentucky and Arkansas — two states with previously high uninsurance rates that have benefited significantly from Medicaid expansion.

    According to the researchers, those states should serve as prime examples of how “expansion can produce savings in tax dollars and generate new revenue for state budgets.” Between state fiscal years 2014 and 2021, Kentucky will save an estimated $820 million and Arkansas will save an estimated $370 million after accepting federal funding to extend health coverage to additional low-income residents.

    Those savings come from a combination of the additional federal funding allocated for states that accept the expansion and the decline in uninsured residents seeking uncompensated care, which increases revenue for health providers.

    The second study, from the Kaiser Family Foundation, reported similar findings for Connecticut, New Mexico, and Washington State. Although the researchers acknowledge that it’s difficult to isolate the specific effect of Medicaid expansion on state budgets, they conclude that “early evidence from interviews with budget officials in these case study states shows state savings and revenue gains with limited costs resulting from expansion.”

    The three states examined in the Kaiser study are also saving money in programs outside of Medicaid itself, particularly when it comes to their behavioral health programs. With additional federal funding to finance Medicaid, states are able to shift money around to allocate more resources to mental health services, which have suffered big cuts in state budgets over the last several years.

    Previous studies projected big savings for Medicaid expansion states — but, now that the policy has been in effect for a full year in many states, researchers are able to start confirming that positive benefit more explicitly. Other states, like New Jersey, have also started factoring the savings stemming from Medicaid expansion into their budgets.


    http://thinkprogress.org/health/2015/03/20/3636704/medicaid-expansion-savings-states/
     
  2. Revmitchell

    Revmitchell
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    38,332
    Likes Received:
    786
    Umm the exchanges have been shut down in many states due to unsustainability. When liberals create their own studies watch out!
     
    • Like Like x 1
  3. Rob_BW

    Rob_BW
    Expand Collapse
    Well-Known Member

    Joined:
    Mar 1, 2015
    Messages:
    1,127
    Likes Received:
    266
    So the states are saving money by having the fed borrow money to give them?

    Lol...government.
     
    • Agree Agree x 1
  4. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,221
    Likes Received:
    613
    Yep, just another distribution of wealth scheme.
     
  5. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,907
    Likes Received:
    295
    When the states have to start picking up the tab for the increased medicaid enrollment, they'll be singing a different tune. The carrot and stick worked , but while they enjoy the carrot, they will choke on the stick.
     
    • Like Like x 1

Share This Page

Loading...