Michigan's Rick Snyder Becomes 6th GOP Governor to Expand Medicaid
The move would cover 470,000 previously uninsured poor Michigan residents in the long term, while saving the state an estimated $200 million annually by shifting the cost of various state-funded mental health and medical services to the federal government. Under the Patient Protection and Affordable Care Act, the feds will pay 100 percent of the expansion cost for three years and 90 percent after that. Snyder proposed reserving half of the savings in the first three years to cover Michigan's share of the tab until 2035, according to the report.
Gov. Snyder joins Ohio, Arizona, New Mexico, Nevada and North Dakota on the list of GOP-governed states that have urged embracing the expansion. The governor supported a state-run health insurance marketplace that was shot down in his Republican-controlled legislature and is now working toward a partnership exchange that would share control with federal regulators.
More Articles on Medicaid Expansion:CBO: Medicare, Medicaid Spending Growth Slowing by 15%
Sebelius: Medicaid Expansion 'Isn't a Bait and Switch'
Ohio Governor Floats Medicaid Expansion
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's Hospital CFO