Rural Health News

Medicaid Expansion Will Save Lives

Nebraska’s LB 472, the Medicaid Redesign Act, would provide health insurance coverage through the state’s Medicaid program to those in the coverage gap. People fall into the gap when they make too much income to qualify for traditional Medicaid coverage but not enough to qualify for premium assistance tax credits through the health insurance marketplace, and they lack access to employer-provided insurance.

HELP Act Won't Bust Budget

Other states have found their initiatives to expand Medicaid similar to Montana’s SB 405, the Montana Health and Economic Livelihood Partnership (HELP) Act, have produced significant budget savings. Providing health insurance for low-income, working Montanans will result in state budget savings and economic growth.
 
Kentucky estimates their expanded Medicaid program will result in net state budget savings of $820 million from state fiscal year 2014 to state fiscal year 2021. And Arkansas estimates savings of $370 million during that time.
 

Medicaid Redesign Won't Bust Budget

Other states have found their initiatives to expand Medicaid similar to Nebraska’s LB 472, the Medicaid Redesign Act, have produced significant budget savings. Providing health insurance for low-income, working Nebraskans will result in state budget savings and economic growth.
 
Kentucky estimates their expanded Medicaid program will result in net state budget savings of $820 million from state fiscal year 2014 to state fiscal year 2021.

Medicaid Redesign Act - No-risk Solution for Nebraska

LB 472 is a no risk way to provide health insurance to those in the Coverage Gap.

One of the major arguments against LB 472, the Medicaid Redesign Act, is that the federal government cannot be trusted to maintain the funding to states for an expanded Medicaid program. The argument goes that since the federal government cannot be trusted to maintain funding, LB 472 would cause the state to pick up the tab for this initiative.

Nebraska Medicaid Losses Top $400 Million

Since Jan 1, 2014, Nebraska has been forfeiting $930,096 per day in federal funds that could provide health insurance for over 54,000 low-income, working Nebraska families and individuals. On March 6, the amount of forfeited federal funds will top $400 million.

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