Would expanding Medicaid in all states save 14000 lives per year?
Asked by: Prof. Myles Daugherty Sr. | Last update: October 29, 2023Score: 4.5/5 (29 votes)
CAP estimates that if remaining states were to fully expand Medicaid, the benefits would include: Additional lives saved per year: 14,361. Additional infant lives saved per year: 141. Additional early-stage cancer diagnoses per year: 5,034.
What would happen if all states expanded Medicaid?
How many uninsured could gain coverage if all states adopted the expansion? If all states adopted the Medicaid expansion, approximately 3.5 million uninsured adults would become newly eligible for Medicaid.
Why all states should expand Medicaid?
By expanding Medicaid, non-expansion states would not only help prevent coverage loss for low-income parents, young adults, and postpartum people during the unwinding, they could also increase overall access to health coverage, potentially lower their uninsured rate below current levels, and catch up to the far lower ...
Does Medicaid expansion help the economy?
Prior research found that Medicaid expansion has improved the financial performance of hospitals and other providers, though these effects may vary somewhat by hospital type. Studies show that expansion contributed to increased hospital revenue overall and from specific services.
How did states expand Medicaid?
The Affordable Care Act's (ACA) Medicaid expansion expanded Medicaid coverage to nearly all adults with incomes up to 138% of the Federal Poverty Level ($20,120 for an individual in 2023) and provided states with an enhanced federal matching rate (FMAP) for their expansion populations.
How a state’s choice on Medicaid expansion affects hospitals
What is the impact of Medicaid on the states?
Numerous studies have already documented how Medicaid expansion bolsters access to health care, increases affordability, and improves health for low-income populations, as well as reduces racial and ethnic disparities, strengthens rural health care providers, and helps state economies.
Did the ACA Medicaid expansion save lives?
We find a reduction in all-cause mortality in ages 20 to 64 equaling 11.36 deaths per 100,000 individuals, a 3.6 percent decrease. This estimate is largely driven by reductions in causes of death likely to be influenced by access to health care, and equates to one life saved per 310 newly covered individuals.
How does expansion help the economy?
Expansion: The economy is moving out of recession. Money is cheap to borrow, businesses build up inventories again and consumers start spending. GDP rises, per capita income grows, unemployment declines, and equity markets generally perform well. Peak: The expansion phase eventually peaks.
What are the benefits of economic expansion?
Economic growth means an increase in real GDP – an increase in the value of national output, income and expenditure. Essentially the benefit of economic growth is higher living standards – higher real incomes and the ability to devote more resources to areas like health care and education.
How will Medicare for All help the economy?
Medicare for All could decrease inefficient “job lock” and boost small business creation and voluntary self-employment. Making health insurance universal and delinked from employment widens the range of economic options for workers and leads to better matches between workers' skills and interests and their jobs.
Why should Florida expand Medicaid?
More than 800,000 Florida residents stand to gain coverage under Medicaid expansion, which would mean improved access, financial protection, and better health outcomes. Expanding Medicaid in Florida would not “bust the budget” but instead could result in savings and fiscal gains that far exceed the costs of expansion.
What state has the most people on Medicaid?
- California - 12,668,401.
- New York - 6,789,092.
- Texas - 5,374,020.
- Florida - 4,752,201.
- Illinois - 3,504,288.
- Pennsylvania - 3,393,728.
- Ohio - 3,095,655.
- Michigan - 2,884,050.
Did Medicaid expansion states have lower mortality?
“We found that Medicaid expansion exerts an influence on mortality rates – and the magnitude of benefit is correlated with the magnitude of expansion.” The study found that, among 32 expansion states and 17 non-expansion states, Medicaid expansion was associated with nearly 12 fewer deaths per 100,000 adults annually.
Why is Medicaid expansion bad?
That may seem inconsequential. But by expanding Medicaid, states have dramatically increased the number of patients on the program's rolls. Meanwhile, the number of doctors willing to see those patients has largely stayed the same. That's a recipe for long waits—and ultimately poor health outcomes.
What are the disadvantages of Medicaid expansion?
- Free health insurance is usually available to those who need it. ...
- It could create delays when trying to visit a doctor. ...
- Doctors are not required to accept patients on Medicaid. ...
- It only benefits specific segments of the population. ...
- Expansion would stop the benefits of private insurance.
Is economic expansion good or bad?
Higher economic growth will also lead to an increase in demand for labour as firms will be producing more. Therefore unemployment will fall, this has various advantages such as lower government spending on benefits and less social problems.
What happens to the economy during expansion?
expansion, in economics, an upward trend in the business cycle, characterized by an increase in production and employment, which in turn causes an increase in the incomes and spending of households and businesses.
What are the causes and characteristics of an expanding economy?
Strong consumer and business confidence, low unemployment, and rising asset prices typically characterize expansionary periods. There are many possible causes for an expansion, including increases in productivity, consumer spending, government spending, and foreign investment.
How does expanding globally benefit?
Benefits of global expansion include: talent acquisition, cost reduction, business resilience, growth opportunities, and tax and compliance benefits.
What is benefit of global expansion?
- Increased market reach. Expanding internationally means you can access a larger customer base. ...
- High revenue potential. ...
- Access to Global Talent. ...
- Staying ahead of your competitors. ...
- Boosts innovation.
What are the key benefits of global expansion?
- New Revenue Potential. ...
- The Ability to Help More People. ...
- Greater Access to Talent. ...
- Learning a New Culture. ...
- Exposure to Foreign Investment Opportunities. ...
- Improving Your Company's Reputation. ...
- Diversifying Company Markets.
How many lives has Medicaid expansion saved?
Medicaid Expansion Has Saved at Least 19,000 Lives, New Research Finds. The Affordable Care Act's (ACA) expansion of Medicaid to low-income adults is preventing thousands of premature deaths each year, a landmark study finds.
Would closing the Medicaid coverage gap save 7000 lives each year?
Based on research on the effects of closing the Medicaid gap, the authors estimate that a federal policy to provide affordable, comprehensive coverage to uninsured adults in the nonexpansion states' coverage gap would lead to at least: 7,000 lives saved each year.
What states did not expand Medicaid?
Wyoming, Kansas, Texas, Wisconsin, Tennessee, Mississippi, Alabama, Georgia, South Carolina and Florida have yet to adopt the expansion of Medicaid, leaving over 2.1 million people in the “coverage gap” — meaning they fall into the income level that would make them eligible for Medicaid but cannot access it because ...