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Study: Obamacare's Medicaid expansion would save, not cost, FL money

Florida would save money over the next decade — not lose billions as Gov. Rick Scott has argued — by accepting Medicaid expansion under federal healthcare reforms, according to a detailed economic study.

Miami-Dade legislators and healthcare industry leaders, getting together on Monday, heard about the report by Georgetown University — the most positive yet on a highly debated provision of what is often called Obamacare.

Jack Hoadley, a senior researcher with the Georgetown Health Policy Institute, said the study was the first to calculate spin-off savings in other state programs if Florida accepted the expansion, which over the next 10 years could bring $26 billion in federal funds to provide insurance to an estimated 815,000 to 1.3 million Florida residents who are now uninsured.

In Miami-Dade, expansion would cover an additional 150,000 to 225,000, according to the Georgetown projections. That reduction in the uninsured would bring huge relief to the county’s hospitals, which by federal law must treat anyone who comes to the emergency room, regardless of ability to pay.

More here


Read more here: http://www.miamiherald.com/2013/01/29/3206264_study-medicaid-expansion-may-save.html#storylink=addthis#storylink=cpy

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