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State report says Medicaid expansion would save $430M in Medically Needy

State estimators say that expanding Medicaid, or creating a new insurance program that covers the same number of people, could save the state $430 million in general revenue funds. That is because more people would be insured and would not have to rely on Medicaid's Medically Needy program to cover emergency health care costs.

Other alternatives that cover fewer people would therefore save the state less money. Although the report didn't specifically reference House Republican's proposed alternative, it notes that a similar scenario would only reduce Medically Needy costs by $130 million.

That $300 million difference makes this analysis, first reported by Health News Florida, the latest ammunition for those who believe the state should expand Medicaid or implement Sen. Joe Negron's proposed alternative.

Read more here.