National report lists savings and revenue for states that expand Medicaid

A report released Tuesday says savings could mount to hundreds of millions of dollars for states that expanded Medicaid – the state and federal insurance program.

The Robert Wood Johnson Foundation published the report, which breaks down various savings and revenue projections for each state.

The report backs savings and revenue estimates made by the Kansas Hospital Association in favor of expansion. The association estimates its Medicaid expansion proposal, called “The Bridge to a Healthy Kansas,” would save the state $151 million each year from 2017 through 2020.

California accounted for the most savings and revenue gains in the national report.

The foundation estimates California will save $250 million by accessing federal match money and another $750 million by replacing state general fund dollars with Medicaid dollars.

The report also estimates California would gain $985 million in revenue from insurer and provider taxes.

For the full report, visit http://www.rwjf.org/content/dam/farm/reports/issue_briefs/2016/rwjf419097.

This story was originally published March 23, 2016 at 1:13 PM with the headline "National report lists savings and revenue for states that expand Medicaid."