NHDP - The Facts on Medicaid Expansion: Its Good Health Policy, Good Fiscal Policy And Good Economic Policy
Concord – This morning, New Hampshire Tea Party organizations and their legislative allies plan to hold a press conference restating their tired, broken, and misleading talking points for opposing Medicaid Expansion in New Hampshire. They have consistently ignored evidence from independent non-partisan economists and health policy experts who have reported that Medicaid Expansion would strengthen the economic and heath security of New Hampshire families and small businesses.
The facts are clear; Medicaid Expansion in New Hampshire is good health policy, good economic policy and good fiscal policy. That is why even some of the most conservative Republican Governors in the country have opted to expand Medicaid.
Medicaid Expansion In New Hampshire Is Good Health Policy, Good Economic Policy And Good Fiscal Policy
Lewin Group: Moving forward with Medicaid Expansion would bring $2.5 billion into the economy, create 700 jobs, and save the state $92 million. [Lewin Group, Jan 2013]
Think Tank: Postponing Medicaid Expansion Even By One Year Would Cost An NH Irreplaceable $340 Billion. Economic and heath care policy experts at the NHFPI predict that "If New Hampshire delays, it would lose out for a year - maybe more - on the 100 percent federal match. In detailed reports assessing the impact of theMedicaid expansion on New Hampshire, the Lewin Group estimated that a one-year delay would reduce the federal funds coming into New Hampshire by $340 million." [NHFPI, 5/28/2013]
STUDY: "Medicaid Virtually Wiped Out Crippling Medical Expenses Among The Poor." "The big news is that Medicaid virtually wiped out crippling medical expenses among the poor: The percentage of people who faced catastrophic out-of-pocket medical expenditures (that is, greater than 30 percent of annual income) declined from 5.5 percent to about 1 percent. In addition, the people on Medicaid were about half as likely to experience other forms of financial strain-like borrowing money or delaying payments on other bills because of medical expenses." [The New Republic, 5/1/2013]
STUDY: "People On Medicaid Ended Up With Significantly Better Mental Health." "The other big finding was that people on Medicaid ended up with significantly better mental health: The rate of depression among Medicaid beneficiaries was 30 percent lower than the rate of depression among people who remained uninsured. That's not just good health policy. That's good fiscal policy, given the enormous costs that mental health problems impose on society-by reducing productivity, increasing the incidence of violence and self-destructive behavior, and so on." [The New Republic,5/1/2013]
Accepting Federal Funding for Expanded Medicaid Would Bring NH A "Number of Economic Benefits." The non-partisan New Hampshire fiscal policy institute found, "if New Hampshire takes the federal money, it will enjoy a number of economic benefits as well. It will gain an average of 5,100 new jobs; the state will enjoy a $2.8 billion increase in gross state product; personal income will increase by more than $2 billion, and; household spending on health care will drop by almost $100 million statewide." [NHFPI Testimony, 5/9/2013]
STUDY: Refusing to Expand Medicaid Will Be “More-Costly,” Require States Higher Spending on Uncompensated Care. A non-partisan study revealed, “State policymakers should be aware that if they do not expand Medicaid, fewer people will have health insurance, and that will trigger higher state and local spending for uncompensated medical care,” Price said. “Choosing to not expand Medicaid may turn out to be the more-costly path for state and local governments.” [The Hill, 6/3/2013]
Study Shows New Hampshire Could Cave $22 Million Over Six Years
“A new study says New Hampshire could save $22 million on health care for inmates over six years if the state expands Medicaid… The state is considering expanding Medicaid, which would mean more inmates eligible for cheaper health care.” [WMUR, 10/30/2013]
Conservative Republican Governor’s Support Medicaid Expansion To Improve Health And Economic Security Of Families And Small Businesses
Some of the most conservative Republican Governors in the country are accepting federal funding for Medicaid expansion. Republican Chris Christie in New Jersey, Republican John Kasich in Ohio, Republican Rick Scott in Florida and other Republicans across the country have all announced they will be accepting the federal funding for expansion. [National Medicaid Map]
GOP Governor Christie: Expansion will save taxpayers money. In announcing plans to accept federal funding for expanded Medicaid Christie said, “accepting these federal resources will provide health insurance to tens of thousands of low-income New Jerseyans, help keep our hospitals financially healthy and actually save money for New Jersey taxpayers.” [Forbes, 2/26/2013]
GOP Governor Brewer is Vetoed Any Legislation That Reached Her Desk Before Expansion. Republican Govnernor Jan Brewer is “so determined to put the Obamacare Medicaid expansion in place in her state that she’s vetoing any legislation that reaches her desk until the Republican Legislature caves.” [Politico, 6/5/2013]