NCIOM: Medicaid Expansion Saves NC $159 million over next two years; saves $65 million over next 10
Late today the NC Institute of Medicine released its comprehensive report on the Affordable Care Act and North Carolina. Full report is available here. A presentation on the costs of NC’s Medicaid expansion is here. The business consultants’ cost analysis is here. Key findings are that if NC expands Medicaid under the Affordable Care Act we will:
1. Create approximately 25,000 new jobs according to an independent consultant’s report.
2. Increase annual state GDP by $1.3 – $1.7 billion a year.
3. Increase total state revenues by $497 million by 2021.
4. Save $159 million over the next two years JUST BY EXPANDING MEDICAID (and $65 million overall for the next 10 years.)
So why aren’t we doing this again?