“My consistent position on expanding Medicaid has been to carefully study the options and then determine what [the best fit is] for Missouri,” Gov. Nixon said in a news release. “That is why the budget I plan to submit to the legislature for fiscal year 2014 will include federal funding to provide healthcare for an estimated additional 300,000 Missourians — men, women and children — who currently have no health insurance. It’s the smart thing to do, and it’s the right thing to do.”
Missouri, like other states that decide to expand Medicaid, will not have to use any state funds for the expansion in calendar years 2014, 2015 and 2016. Between 2017 and 2020, the state share of the costs would progress from 5 percent to 10 percent.
Last week, The Kaiser Family Foundation released a study showing the total cost of implementing the Medicaid expansion would be only $8 billion more than what the states already will have to spend on Medicaid under the PPACA.
More Articles on Medicaid Expansion:
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Medicaid Costs Would Be Only Slightly Higher With Expansion, Study Says
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