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Report on the Benefits of Expanding Florida Medicaid-WUSF Public Media

Medicaid

Florida will increase jobs for 134,700, reduce uninsured residents by 852,000, and add billions of dollars to the economy when expanding Medicaid to low-income adults without children According to a report released Thursday that it could be sent.

The Commonwealth Fund, a New York-based organization focused on health care issues, said expanding Medicaid in Florida would increase 61,600 health care jobs between 2022 and 2025. Construction, retail, finance and insurance sectors.

State Republican leaders have long refused to expand Medicaid’s eligibility, partially pointing out concerns about potential future costs. With the Republican Party controlling the House of Representatives, the Senate, and the Governor’s Office, it seems unlikely that their position will change.

“When you ask me, do I want to give people Medicaid, or do they want them to work so that they don’t need Medicaid, or do they want them to work so that they don’t need Medicaid?” Senator Wilton Simpson, R-Trilby, told reporters during this year’s legislative session.

However, D-Miami’s Congressman Nicholas Duran said Congress’s refusal to expand the safety net program for the poor, the elderly and the disabled was due to the origin of the expansion. This was a salient feature of federal health law, commonly referred to as Obamacare. ..

“At that time (when it first passed), Obamacare was bad, but now it’s bad. Expansion supporter Durand explained the feelings of Republican lawmakers and said.

Florida is one of 14 states that has not extended Medicaid eligibility to childrenless adults who earn up to 138% of federal poverty levels, at $ 12,880 for individuals and $ 17,400 for couples. I will.

Many of these childless adults are uninsured because they do not earn enough money to be eligible for a grant through a federal health insurance exchange.

According to data from the 2019 American Community Survey, Florida had 27.84 million uninsured residents. Together, the 14 states that have not expanded Medicaid account for nearly 50% of the 29.6 million uninsured people nationwide.

Durand suspects Congress will expand Medicaid, but continues to submit bills to do so.

“If you don’t ask, you won’t get it,” Durand told Florida news services.

As of April 30, the latest available data, 4,743,135, are enrolled in the Florida Medicaid Program, with approximately 3.7 million participating in managed care plans. The program is estimated to cost $ 32 billion during the fiscal year ending June 30 due to an influx of registrants during the COVID-19 pandemic.

In March, President Joe Biden signed the US Rescue Plan Act, an economic stimulus package that provides incentives to 14 Holdout states to expand Medicaid. The plan allows the federal government to increase the amount of federal funding provided to existing Medicaid registrants by 5 percentage points. This increase will take effect in 2022 and will continue for two years.

In addition, the federal government will cover 90% of the expansion costs for childrenless adults. This is a much higher match rate than that offered to other Medicaid registrants such as children and pregnant women.

Florida’s cost of extending Medicaid to childless adults will increase by $ 681 million in 2022, according to a Commonwealth Foundation analysis. But that is offset by a net annual federal return of $ 6.6 billion.

The 5 percentage point increase in federal matching funds expires in 2025 and the state’s cost burden increases to $ 801 million that year, while Florida still has a net increase in federal funding of over $ 6.2 billion. To receive. analysis..

Karen Woodor, who has been lobbying for more than 30 years in Tallahassee on behalf of low-income residents, said the state legislature “missed the opportunity.”

“So the Florida State Capitol has once again denied health insurance for hundreds of thousands of very low-income Floridians,” she said in a statement to the news agency. “Florida was denied the opportunity to literally make money by providing health insurance to low-income residents. It focuses on all inequality, even during a pandemic never experienced before. Even if it’s hit … ”



Report on the Benefits of Expanding Florida Medicaid-WUSF Public Media

Source link Report on the Benefits of Expanding Florida Medicaid-WUSF Public Media

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