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 ...
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.
THIS is how they define "paying for itself"?
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.
This is just a repurposed version of the broken windows fallacy.
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.
Don’t mess with my Medicare.
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.
Music to the Bolshevik's ears.
Apparently Forbes is only a Capitalist publication when Trump is trying to slap a tariff on someone.
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.”
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.
It’s keeping me and millions other Americans alive.
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.
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.
“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.
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
Ponzi is back!
Saw that guy in an airport once.
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