New Council of Economic Advisers Report Shows Cost To Pennsylvania Over Failure To Expand Medicaid
HARRISBURG, PA – Today, the Council of Economic Advisers released a new report - “Missed Opportunities: The Consequences of State Decisions Not to Expand Medicaid.” The report shows the economic and health care costs to Pennsylvania over the decision by Governor Corbett and the GOP state legislature to put politics over people and failure to expand health care access to 305,000 people who fall into the coverage gap.
“States that are expanding Medicaid are seeing economic and health benefits in billions of dollars coming into their economy, reduced out of pocket health care expenses for their citizens and a healthier population,” said Michael Morrill of Keystone Progress. “Pennsylvania, due to the political priorities of Governor Corbett and the GOP state legislature, is seeing just the opposite. Women are getting fewer mammograms, our citizens fewer cancer screenings and doctor visits, while they are paying more for the care they do receive. Our state is throwing away new jobs and sending our tax dollars to states who are expanding instead of investing them back here at home. The CEA report provides even more evidence that expanding Medicaid comes with significant benefits we can’t afford to turn down.”
Key findings from the report include that if Pennsylvania expanded Medicaid —
Health Benefits Include:
- 11,100 more women between the ages of 50-64 would receive mammograms.
- 17,600 more women would receive pap smears.
- 25,000 fewer people will go untreated for depression.
Personal Economic Benefits Include:
- 13,700 fewer people will face catastrophic out-of-pocket Medicaid expenses per year.
State Economic Benefits Include:
- Pennsylvania will receive $8.2 billion in federal support through 2016.
- 35,200 more jobs in Pennsylvania through 2017.
- $6.18 billion in total economic activity through 2017 (GDP).