Florida could gain a badly-needed economic boost and thousands of new jobs each year if state officials accept federal funds to expand Medicaid, three new studies say. One study calculates the payoff at 16-to-1.
The studies -- two by university researchers, one by a hospital association -- all took a decade-long view of the fiscal impact of enlarging Florida's health program for the poor. All found a significant net gain.
"The state can actually both save money and serve an additional million Floridians -- both adults and children -- by making the choice to extend their Medicaid program," said Joan Alker of Georgetown University's Health Policy Institute, co-author of one of the studies.