Find out more →

Get unlimited access. Become a digital member!

Wednesday, November 28, 2012

Medicaid expansion saves Arkansas even more money than we thought

Posted By on Wed, Nov 28, 2012 at 1:39 PM

Back in the summer, we noted a potential game-changer in the Medicaid expansion debate: the Arkansas Department of Human Services projects that accepting the expansion will actually SAVE money for the state. The Washington Post even trumpeted the DHS study as the most detailed look at expansion’s impact on state budgets.

It turns out that the fiscal case for expansion is even stronger. In the current debate about cuts proposed by DHS to plug the state Medicaid program’s impending budget shortfall, DHS has been using updated numbers for projected savings from expansion for 2014 and 2015. This got us to wondering whether the rest of the numbers have been updated. I called DHS and they confirmed that they have done a new, updated projection this month.

They provided us with a spreadsheet with the updated numbers and they paint a picture that may embolden proponents of expansion. The two big things to note: projected savings from 2014 to 2021 jump from $372 million to $629 million. And while the old report projected that expansion would start costing the state money in 2021, the new report projects savings year after year.

I explain all the details in this week's Reporter.

p.s. The spreadsheet with the new figures is mis-labeled with a July date, but the folks at DHS confirmed that these are in fact the new numbers they came up with this month.

Tags: , , ,

Speaking of...

Comments (10)

Showing 1-10 of 10

Add a comment

 
Subscribe to this thread:
Showing 1-10 of 10

Add a comment

More by David Ramsey

  • Juvenile to Club Elevations

    Also, Bombay Harambee and Swampbird at White Water Tavern, Pops on the River at First Security Amphitheater, Marty Stuart at the Ozark Folk Center, the Arkansas Spectacular Gospel Concert at First Security Amphitheater, Willie Nelson and Alison Krauss at the AMP and "Goonies" at Riverdale.
    • Jul 3, 2014
  • Five carriers will sell policies on Arkansas Health Insurance Marketplace in 2015; all expected to sell statewide

    The Arkansas Insurance Department today announced that five companies plan to sell health insurance plans on the Arkansas Health Insurance Marketplace in 2015, the second year for the regulated marketplace created by the Affordable Care Act. The issuers that have filed are Arkansas Blue Cross Blue Shield, the national multi-state Blue Cross Blue Shield, Celtic Insurance Company (selling in Arkansas as Ambetter), and two companies owned by the parent company QualChoice Holdings: QualChoice Life and Health Insurance Company, Inc. and QCH Health Plan Inc.
    • Jul 2, 2014
  • More »

Event Calendar

« »

July

S M T W T F S
  1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31  

Blogroll

 

© 2014 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation