Nebraska is one of 17 states not adopting Medicaid expansion under the Affordable Care Act. This has left more than 79,000 individuals in a “coverage gap.”
Each individual covered through an expanded Medicaid program could save $1,100 on out-of-pocket health costs each year. When spent locally, these savings lead to 800 potential new jobs, $32 million in additional income, and $4.9 million in state and local tax revenues.
For every $1 Nebraska invests in Medicaid expansion, an additional $13.41 in federal funding will enter our state’s economy. Much of this is allocated to our hospitals, which stand to lose $1.6 billion over a 10-year period through our failure to expand Medicaid.