Embargoed until 12:01 a.m. ET, Thursday December 18, 2014
(Thursday, December 18, 2014) â€“ The following are soundbites from Karen McNeil-Miller, president of the Kate B. Reynolds Charitable Trust in Winston-Salem, North Carolina, regarding a new report on how North Carolinaâ€™s economy, work force, and uninsured residents could benefit if the state expands eligibility requirements for the Medicaid program. The report was authored by researchers at George Washington University and funded by Cone Health Foundation and the Kate B. Reynolds Charitable Trust.
The report shows:
- North Carolinaâ€™s work force could gain over 43,000 new jobs between 2016 and 2020 if Medicaid is expanded by 2016.
- Businesses across the state will do $22 billion more in business activity between 2016 and 2022, if Medicaid is expanded by 2016.
- Nearly 500,000 uninsured North Carolinians could gain insurance by 2017 if Medicaid is expanded by 2016.
- Currently, the percentage of non-elderly adults, ages 18-65, without insurance stands at 18.1 percent, which is higher than the national average.
- If North Carolina expands Medicaid eligibility by 2016, the state will receive $21 billion in federal funding to help pay for the care of the newly insured. In exchange, the state would have to contribute $1.7 billion.
THIS REPORT BRINGS TO THE FOREFRONT THE LARGE, POSITIVE IMPACT THAT EXPANDING MEDICAID ELIGIBILITY COULD HAVE ON NORTH CAROLINA. A HALF A MILLION PEOPLE WOULD GAIN HEALTH INSURANCE, AND TENS OF THOUSANDS OF JOBS COULD BE CREATED, STRETHENING THE LOCAL ECONOMY OF EVERY COMMUNITY IN THE STATE.
NORTH CAROLINA HAS THE OPPORTUNITY TO IMPROVE THE LIVES OF ITS RESIDENTS BY EXPANDING MEDICAID. ITâ€™S NOT ONLY ABOUT ENSURING THAT PEOPLE HAVE COVERAGE AND CAN ACCESS CARE WHEN THEY NEED IT. EXPANDING THE PROGRAM WOULD ALSO CREATE GOOD-PAYING JOBS IN EVERY CORNER OF THE STATE, SPARKING ECONOMIC GROWTH THAT WILL BENEFIT ALL NORTH CAROLINIANS.
For more information about the economic impact of Medicaid expansion in your county, visit www.NCMedicaidExpansion.com