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Tuesday, February 12, 2013

Ind. Gov't. - "Hospital Ass'n: Billions from Indiana Medicaid on table"

An AP story by Tom LoBianco begins:

INDIANAPOLIS (AP) — A study released Monday by the Indiana Hospital Association estimates that expanding Medicaid would generate billions of dollars in economic growth for the state, a stark contrast from the budget-busting projections cited by former Gov. Mitch Daniels.

The hospital association's study estimates that using the federal expansion to cover an additional 406,000 residents would cost Indiana less than $500,000 but pump several times that amount back into the economy over the next seven years.

An actuary hired by former Gov. Mitch Daniels' administration found the expansion would cost a budget-busting $2.6 billion over the same time frame.

Using those two vividly different analyses as markers, lawmakers in the Indiana House and Senate were set to consider measures this week on how to implement the federal health care law. Senate Health Chairwoman Pat Miller, R-Indianapolis, will be pushing a proposal to expand Medicaid using the state's health savings account programs, the Healthy Indiana Plan, while Democrats will be pushing for the full expansion under the federal law.

Democrats and supporters of an expansion, including the IHA, have argued the reports Milliman Inc. issued for the state ignore major benefits from covering more uninsured. The IHA study, conducted by researchers at the University of Nebraska Medical Center, found that the could generate $108 million in new tax collections as up to $3.4 billion is pumped into the economy each year.

Posted by Marcia Oddi on February 12, 2013 08:59 AM
Posted to Indiana Government