The study showed that the reduction in Medicaid funding to Florida hospitals would reduce employment in the state’s economy by 2,187 jobs, reduce output by $258 million and reduce value added by $157 million. Thus, Medicaid cuts by the state would have a 4-to-1 ripple effect on the economy.
According to the study, the total statewide economic contributions of Florida hospitals in 2007 were nearly $170 billion.
Read the FHA release on the Florida Medicaid study.
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