What Medicaid expansion would mean for Alabama’s children
⁃ Medicaid expansion has been shown to improve infant mortality rates.
⁃ states that extended Medicaid coverage to more uninsured adults saw nearly double the rate of decline in uninsured children as compared to states that didn’t accept expansion.
Economic concerns
⁃ Overall, the economic impact would be $11.4 billion in additional federal funds over four years.
⁃ Alabama will receive $9 in federal funds for every $1 it spends indefinitely.
⁃ Additional state and local taxes would offset $715 million of the cost.
⁃ After considering state savings, the estimated first year investment for expansion is $168 million, with a cost of less than $25 million each year thereafter.
⁃ Comparing $2.7 billion in annual economic gain, $25 million annual cost is a great deal!