MTPR

Medicaid expansion

Governor Steve Bullock launched a statewide tour today to, in his words, "highlight the health and economic benefits of Medicaid" in Montana.

At Missoula’s Providence Hospital, Bullock cited a University of Montana economic analysis released last week that says the Medicaid expansion Montana launched in 2015 will pay for itself. It found that expansion offsets other state agency costs, and yields economic benefits that exceed state spending on Medicaid expansion.

A ballot initiative group hoping to generate new state revenue to fund Medicaid expansion services has been approved to start gathering signatures for an initiative raising taxes on tobacco and e-cigarettes.
(PD)

A ballot initiative group hoping to generate new state revenue to fund Medicaid expansion services has been approved to start gathering signatures for an initiative raising taxes on tobacco and e-cigarettes.

Medicaid expansion in Montana is expected to cost the state more than $58 million annually in a couple of years. But, a new economic analysis says the healthcare program in on track to pay for itself by then through savings in other parts of the state budget and increased economic activity.

Gov. Bullock signs the Medicaid expansion plan into law, April 29, 2015 at the state Capitol. The bill's sponsor Sen. Ed Buttrey, and supporter Stephanie Wallace look on.
Steve Jess

Governor Steve Bullock is praising a new report outlining the economic benefits of Medicaid expansion in Montana. The program expanding health insurance coverage for people with low incomes is set to expire next year unless it’s reauthorized by state lawmakers.

Hospital monitor. File photo.
Josh Burnham

The hundreds of millions of federal tax dollars that Medicaid expansion is bringing to Montana have added thousands of jobs here and significantly boosted the state’s economy. It’s enough of a boost to pay for Montana’s share of the jointly-funded health program.

That’s according to a new report by Economist Bryce Ward with the UM’s Bureau of Business and Economic Research. He summarized it for a legislative oversight committee Thursday.

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