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NCIOM: Medicaid Expansion Saves NC $159 million over next two years; saves $65 million over next 10

Posted By Adam Searing On January 31, 2013 @ 5:35 pm In Uncategorized | Comments Disabled

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?

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URL to article: http://pulse.ncpolicywatch.org/2013/01/31/nciom-medicaid-expansion-saves-nc-159-million-over-next-two-years-saves-65-million-over-next-10/

URLs in this post:

[1] here: http://www.nciom.org/publications/?examining-the-impact-of-the-patient-protection-and-affordable-care-act-in-north-carolina

[2] costs of NC’s Medicaid expansion is here: http://www.nciom.org/wp-content/uploads/2013/01/MedicaidExpansionOptionPP.pdf

[3] business consultants’ cost analysis is here: http://www.nciom.org/wp-content/uploads/2013/01/Final-App-D-REMI-North-Carolina-Medicaid-Report-1-7-13-FINAL.pdf

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