Medicaid Expansion Could Save Maryland $2B

BALTIMORE (AP) — A recent report has found, Maryland’s decision to expand its Medicaid program could save the state more than $2 billion.

The Daily Record reports that an assessment of the economic impact of the expansion of eligibility to another 146,000 people starting in January found that Maryland could see a net savings of more than $2 billion from 2014 to 2020.

The report prepared by George Washington University and Regional Economic Models predicts direct savings to Medicaid, new state revenue and reduced spending on other health care programs.

The state and federal government split the cost of insuring Medicaid enrollees, but the federal government covers the whole cost of covering newly eligible enrollees from 2014 to 2016. The federal coverage gradually declines to 90 percent in 2020 and beyond.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

Comments

One Comment

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Baltimore

Track Weather On The Go With Our App!
Your Podcast Network Play.it

Listen Live