The experts at the Center on Budget and Policy Priorities have more hard and compelling numbers on the facts surrounding the inexplicably controversial Medicaid expansion in the Affordable Care Act.
The takeaway: North Carolina (and all other states) would be foolish not to participate.
Consider the following:
- The federal government will pick up nearly 93 percent of the cost of the Medicaid expansion over its first nine years (2014-2022), according to the Congressional Budget Office (CBO).
- States will spend just 2.8 percent more on Medicaid with the expansion than they would have without health reform, CBO finds.
- This 2.8 percent figure overstates the net impact on state budgets because it doesn’t reflect the large savings that states and localities will realize in health care spending for the uninsured. The Urban Institute estimates that states will save between $26 and $52 billion in this area from 2014 through 2019. The Lewin Group estimates the state and local savings at $101 billion.
Check out this chart:
You can read the entire post and the report upon which it’s based by clicking here.