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New report: Failure to expand Medicaid will cost NC $51 billion

The negative impact of the failure of state leaders to expand Medicaid under the Affordable Care Act is becoming truly gigantic. As the Asheville Citizen-Times reported over the weekend:

North Carolina will miss $51 billion in federal payments over the next decade unless lawmakers expand Medicaid under Obamacare, according to a new report.

Hospitals in the state would get $11.3 billion of that amount under an expanded system, the Robert Wood Johnson Foundation and Urban Institute say.

The report comes as hospitals across the nation are laying off workers. The health care sector cut 52,638 jobs nationally last year, making it second only to the financial industry in layoffs.

That’s $51 billion with a B, folks. For more details, check out this morning’s “Monday Numbers” over on the main PW site.

Click here to read a summary of the report.

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