Issac Bailey blog | Report: South Carolina’s refusal to expand Medicaid will cost the state about $16 billion
08/08/2014 11:30 AM
08/08/2014 11:31 AM
The numbers showing how bad an idea it is for South Carolina to pass on the Medicaid expansion as part of the Affordable Care Act keep piling up.
The University of South Carolina already showed we will miss out on an economic infusion that could create 44,000 jobs between now and 2022.
Now the Urban Institute shows that we will be passing on $15.8 billion in federal funding, our hospitals will lose $6.2 billion and 237,000 poor residents will go without the health insurance they could otherwise have. It would have cost us roughly $1.1 billion to get an almost $16 billion return on that investment – but we won’t for nakedly political reasons.
The decision is nonsensical and is hurting our state. Can someone please point out these facts to Gov. Nikki Haley? Maybe after winning re-election in November she’ll have fewer reasons to take this political stand and finally do what’s right.
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