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?