- The Progressive Pulse - http://pulse.ncpolicywatch.org -

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 [1].  A presentation on the costs of NC’s Medicaid expansion is here [2].  The business consultants’ cost analysis is here [3].  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?