The study examined progress in the first year of Medicaid expansion — Jan. 1, 2014 to Dec. 31, 2014 — and updated initial estimates from the 2013 Medicaid Expansion Whitepaper based on the first year of experience.
Here are five findings from the study:
1. Through expansion, a total of 310,887 Kentuckians enrolled in the Medicaid by the end of state fiscal year 2014, exceeding expectations.
2. National data indicates that Kentucky’s uninsured rate went from 20.4 percent to 11.9 percent through the first half of calendar year 2014.
3. Medicaid expansion is estimated to have a $30.1 billion positive impact on Kentucky’s economy through state fiscal year 2021.
4. The net difference between expanding Medicaid and not expanding Medicaid is estimated to be a positive $919.1 million from state fiscal year 2014 to state fiscal year 2021.
5. Hospitals experienced a reduction of $1.15 billion in uncompensated care charges when comparing the first three quarters of calendar year 2013 to the same period in calendar year 2014.
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