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How Medicaid Expansion Can Pay For Itself
Forbes ^ | 3-18-18 | Bruce Japsen

Posted on 03/19/2018 10:24:28 AM PDT by spintreebob

As more states consider expanding Medicaid under the Affordable Care Act, along comes another independent study showing increased government insurance for low-income Americans pays for itself.

Take the state of Montana, which expanded Medicaid in 2016 to more than 90,000 people. A study out this month from the University of Montana’s Bureau of Business and Economic Research shows the expansion of Medicaid generates a half-trillion dollars a year in healthcare spending. Of that, 70%, or $350 million to $400 million, is “new money circulating in Montana’s economy.”

Beginning this year, states gradually began to pick up some costs, but the federal government still picks up 90% or more of Medicaid expansion through 2020.

“It’s new money into the economy,” University of Montana’s Bryce Ward, the study’s author, said of Medicaid expansion in an interview. “In 2020, the state has to pay its full 10% share, but you get the 90% from taxpayers in other states.”

... And an independent study by a government bureaucrat employee? How independent is that?

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS: aca; healthcare; medicaid; obamacare
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New money = you get the 90% from taxpayers in other states = Rob Peter to Pay Paul.... until Peter starts robbing Paul to pay Peter .... and that is for just 5 years before the magic stops.

Or is this analysis wrong? Is this NEW MONEY hot off the printing press and not robbed from Peter at all?

Keynesians seem to be inconsistent in the facts about NEW MONEY.

1 posted on 03/19/2018 10:24:29 AM PDT by spintreebob
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To: spintreebob
“In 2020, the state has to pay its full 10% share, but you get the 90% from taxpayers in other states.”

THIS is how they define "paying for itself"?

2 posted on 03/19/2018 10:31:00 AM PDT by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill.)
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To: spintreebob

Wrongheaded. The feds need to get completely OUT of Medicaid and medicare since they have no constitutional authority for such, and as usual, the feds are the cause of medical costs to begin with. As usual when government screws up their answer is ALWAYS more government.

What’s happened to Forbes - used to be a pretty good pro-linted-government, pro-freedom, magazine.


3 posted on 03/19/2018 10:31:41 AM PDT by Jim 0216
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To: spintreebob

4 posted on 03/19/2018 10:35:50 AM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
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To: spintreebob

This is just a repurposed version of the broken windows fallacy.


5 posted on 03/19/2018 10:37:34 AM PDT by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=800>https://i.imgur.com/zXSEP5Z.gif)
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To: spintreebob

It is the same old game of shifting the same money stolen from the citizenry from purse to purse and calling it a bonanza each time it is moved.


6 posted on 03/19/2018 10:41:09 AM PDT by arthurus (dgtxtgko9)
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To: Jim 0216

Don’t mess with my Medicare.


7 posted on 03/19/2018 10:47:47 AM PDT by ilovesarah2012
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To: spintreebob

Somehow handing out money for free makes it free money as they free me of my money to hand it out for free.

So in this “independent study” they spent a half a trillion dollars on 90,000 people and only 100,000,000 dollars went to shipping and handling charges. So if we extrapolate this Goobermint “success” to cover all 350,000,000 Americans not counting 50 million illegal migrants... hmmm...

90k goes into 350M 3,800 times, so health care will cost us 1900 Trillion... a year. Or in other terms 268 times the GDP a year.

A ONE POINT NINE QUADRILLION DOLLAR WELFARE SYSTEM.

With 5 percent “shrinkage” the politicians will bag only NINETEEN TRILLION DOLLARS A YEAR for passing this “tax”.
That equals 1.1 times the entire Gross domestic product of the entire country.
But it’s for the children doncha know.


8 posted on 03/19/2018 10:52:08 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: ilovesarah2012
Don’t mess with my Medicare.

Music to the Bolshevik's ears.

9 posted on 03/19/2018 10:55:07 AM PDT by Jim 0216
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To: spintreebob

Apparently Forbes is only a Capitalist publication when Trump is trying to slap a tariff on someone.


10 posted on 03/19/2018 11:03:04 AM PDT by Buckeye McFrog
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To: All

Research shows the expansion of Medicaid generates a half-trillion dollars a year in healthcare spending. Of that, 70%, or $350 million to $400 million, is “new money circulating in Montana’s economy.”


Clearly, that should read ‘half billion’. Kind of shakes my confidence in the reliability of the author to miss such a serious typo.


11 posted on 03/19/2018 11:07:39 AM PDT by pluvmantelo (Americans, while occasionally willing to be serfs, have always been obstinate about being peasantry)
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To: spintreebob
That's right....more and more people becoming more and more dependent on Government in more and more ways is the path to Nirvana.
12 posted on 03/19/2018 11:08:32 AM PDT by Gay State Conservative (You Say "White Privilege"...I Say "Protestant Work Ethic")
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To: spintreebob

It does help with the drug trade. Medicaid patients with bad backs can get opioids for chronic pain which are later sold on the black market.

So, instead of suing pharmacies and doctors, AGs should just sue their States for funding these criminal activities.


13 posted on 03/19/2018 11:27:55 AM PDT by grumpygresh (Abolish administrative law. It's regressive, medieval and unconstitutional!)
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To: Jim 0216

It’s keeping me and millions other Americans alive.


14 posted on 03/19/2018 11:32:35 AM PDT by ilovesarah2012
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To: spintreebob

I was hoping the article would say that providing insurance allowed patients to go see doctors and have preventative treatments that lowered the number and cost of emergency room visits and hospitalizations.

It reads like a hit piece on the expansion.


15 posted on 03/19/2018 11:35:40 AM PDT by DannyTN
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To: ilovesarah2012

Medical care and God’s grace is keeping you alive. The feds don’t care if you’re alive or dead. They just want your money and your freedom to choose.


16 posted on 03/19/2018 11:44:43 AM PDT by Jim 0216
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To: spintreebob

“It’s new money into the economy,” University of Montana’s Bryce Ward, the study’s author, said of Medicaid expansion in an interview. “In 2020, the state has to pay its full 10% share, but you get the 90% from taxpayers in other states.”

...

Free money. Obviously, economists don’t need to know math.


17 posted on 03/19/2018 11:46:18 AM PDT by Moonman62 (Make America Great Again!)
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To: spintreebob

In 2020, the state has to pay its full 10% share, but you get the 90% from taxpayers in other states////

And the other Medicaid states get 90% of their total from other states which include Montana


18 posted on 03/19/2018 12:17:12 PM PDT by Ceebass
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To: spintreebob

Ponzi is back!


19 posted on 03/19/2018 12:18:50 PM PDT by fruser1
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To: Menehune56

Saw that guy in an airport once.


20 posted on 03/19/2018 12:51:35 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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