A study by the Florida Hospital Association has found that a hypothetical $100 million cut in Medicaid would reduce related economic activity by $415 million, according to an FHA news release.
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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