Medicaid Expansion Could Save $2 Billion in Md. - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Medicaid Expansion Could Save $2 Billion in Md.

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BALTIMORE- Expanding Medicaid in Maryland could save the state over $2 billion, according to a recent report.

George Washington University and Regional Economic Models prepared the report that predicts direct savings to Medicaid, new state revenue and reduced spending on other health care programs.

An assessment of the economic impact of the expansion of Medicaid eligibility to additional 146,000 people starting in January could mean savings of more than $2 billion from 2014 to 2020 in Maryland.

Currently the state and federal government split the cost of insuring Maryland Medicaid enrollees. The cost of newly eligible enrollees between 2014 and 2016 will be covered entirely by the federal government.

The federal coverage will gradually decline to 90 percent in 2020 and further into the future.

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