A new report released today by MHA and the Missouri Foundation for Health finds more than 24,000 jobs could be created in 2014 if Missouri participates in the federal Medicaid expansion plan included in the Affordable Care Act. In addition, expansion could add $9.6 billion to the state’s economy in value-added output in 2014 — increasing gross state product by more than one-half percent.
“Medicaid expansion will improve the health of the state and significantly boost the state’s economy,” said Herb B. Kuhn, MHA president and CEO. “It is a win-win for Missouri. The economic activity created by adding $8.2 billion in federal spending to Missouri’s economy will generate nearly $856 million in state and local taxes throughout seven years. And, at a six-year cost of $333 million to the state, Medicaid expansion would be a net gain for state revenue, according to the research.”