skip to main content
skip to newscasts

Saturday, April 20, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; the importance of healthcare decision planning; and a debt dilemma: poll shows how many people wrestle with college costs.

view newscast page
play newscast audioPlay

Civil rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump, and police arrest dozens at a Columbia University Gaza protest.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

Study: Medicaid Expansion Offers Financial Benefits for Colorado

play audio
Play

Thursday, February 14, 2013   

DENVER - The potential economic impacts of Medicaid expansion in Colorado have been analyzed in a new report, and it found big benefits for the Centennial State. The Colorado Health Foundation study compared leaving Medicaid as it is with expanding the low-income health insurance program to people making up to $15,000 a year for an individual under the Affordable Care Act.

Phyllis Resnick, lead economist with Charles Brown Consulting, ran the analysis. She said the study found that with expansion, the state's economy would increase by nearly three-quarters of a percentage point by 2026. That translates into nearly $4.4 billion dollars in additional revenue and more than 22,000 jobs, she said.

"If you take the savings that will be created and the additional revenue that will be created by the economy," she said, "we could expand Medicaid fully and essentially protect the General Fund from adverse impacts."

Medicaid expansion would initially be covered by federal funds, and critics have said the state could not afford the expansion when federal funding runs out. However, Resnick said, many of those covered are already getting state assistance with no federal compensation.

Shepherd Nevel, vice president of Policy and Evaluation with the Colorado Health Foundation, said they hope the study will open up a discussion about Medicaid and its potential effects on Colorado's General Fund.

"The conclusions from the study indicate rather persuasively that Medicaid expansion will contribute to not only a healthier population but also to a stronger economy."

The report took a conservative approach, Resnick said. They only looked at jobs and economic benefits directly tied to increased access to health care and ignored other economic benefits found with a healthier population, she explained.

"We didn't increase the value of people having better health or being more productive in the economy," she said. "We didn't try to quantify some of those things that are a little bit more difficult to quantify. We simply looked at what the impact of this spending would be on the state's economy."

Gov. John Hickenlooper announced last month a plan to expand the state's Medicaid rolls. Meanwhile, at least two bills in the legislature are seeking to preserve the state's General Fund for education, should Medicaid expansion be implemented in Colorado.

The full study, "Medicaid Expansion: Examining the Impact on Colorado's Economy," is available at www.coloradohealth.org.



get more stories like this via email

more stories
The Bureau of Land Management's newly issued Public Lands Rule is designed to safeguard cultural resources such as New Mexico's Chaco Culture National Park. (Photo courtesy SallyPaez)

Environment

play sound

Balancing the needs of the many with those who have traditionally reaped benefits from public lands is behind a new rule issued Thursday by the Bureau…


Health and Wellness

play sound

Alzheimer's disease is the eighth-leading cause of death in Pennsylvania. A documentary on the topic debuts Saturday in Pittsburgh. "Remember Me: …

Social Issues

play sound

April is Financial Literacy Month, when the focus is on learning smart money habits but also how to protect yourself from fraud. One problem on the …


Outdoor recreation added $11.7 million to the Arizona economy in 2022, according to the U.S. Bureau of Economic Analysis. (Adobe Stock)

Environment

play sound

Arizona conservation groups and sportsmen alike say they're pleased the Bureau of Land Management will now recognize conservation as an integral part …

play sound

Across the U.S., most political boundaries tied to the 2020 Census have been in place for a while, but a national project on map fairness for …

The 2023 Annie E. Casey Foundation Data Book ranked Arkansas 37th in the nation for education, and said 56% of young children were not in preschool programs to help get them ready for school. (Adobe Stock)

Social Issues

play sound

The need for child care and early learning is critical, especially in rural Arkansas. One nonprofit is working to fill those gaps by giving providers …

Environment

play sound

An annual march for farmworkers' rights is being held Sunday in northwest Washington. This year, marchers are focusing on the conditions for local …

Social Issues

play sound

A new Gallup and Lumina Foundation poll unveils a concerning reality: Hoosiers may lack clarity about the true cost of higher education. The survey …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021