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Ky Medicaid expansion showing benefits
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| Contributor | RP |
| Last Edited | RP Feb 13, 2015 05:31pm |
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| Category | Study |
| Author | Chris Kenning |
| Media | Newspaper - Louisville Courier Journal |
| News Date | Friday, February 13, 2015 11:45:00 AM UTC0:0 |
| Description | One year after it was enacted, Kentucky's Medicaid expansion is benefiting patients and health care providers — and is expected to generate jobs and economic growth that will more than offset $1.1 billion in state costs through 2021, according to a state study released Thursday.
The expansion, which enrolled 375,000 people in the health care program for the poor and disabled last year, is now projected to create 40,000 jobs and add $30 billion to the economy in the next six years — more than initially predicted.
Commissioned by the state, the analysis by Deloitte Consulting and the University of Louisville found that added taxes, revenue and cost savings will generate a net budget gain of nearly $820 million for state and local governments over that time.
Gov. Steve Beshear said the study shows the expansion is leading thousands of formerly uninsured residents to seek preventative services and care for conditions from diabetes to substance abuse, while reducing uncompensated care in hospitals and raising medical provider revenues. |
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