Lauren Necochea, director of the Idaho Center for Fiscal Policy, summarized the findings, “When you combine state and local savings and new revenues we can expect from the economic stimulus and then compare that to costs, you see that Medicaid expansion will have a positive net impact on Idaho’s finances.”
In the third year of Medicaid expansion, when the healthcare system has fully adjusted, it will mean a net cost of $47 per person covered per year to cover the entire population eligible, assuming that Idaho continues to operate two programs that help Idahoans with medical bills. If the Legislature decides to phase out our indigent and catastrophic care programs, the total net cost of $4.4 million turns into a net savings of more than $15 million. Revenue gains as a result of economic stimulus make the fiscal picture even more positive.
Idaho Center for Fiscal Policy updated this report on October 12th, 2018 to include new economic impact findings.
To continue reading this report, please open the PDF here.
Idaho’s Recent String of Income Tax Cuts Jeopardizes Investments in Public Services
- Every year, Idaho tax dollars are spent to ensure families receive a good education, live in safe communities, experience good health, and drive on
