In 2014, more than 24,000 jobs could be created if Missouri participates in the federal Medicaid expansion plan included in the Affordable Care Act, according to new research from the University of Missouri. The report, commissioned by the Missouri Hospital Association and Missouri Foundation for Health, found that 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.”
Visit Missouri Health Matters to catch up on the latest news, learn why Medicaid expansion is a good policy for Missouri and sign the petition to encourage our elected leaders to adopt this important policy for the health of Missourians and the state’s economy.