Adding Up the Net Cost of Medicaid Expansion – $353 Million for 10 Years
If Georgia expands Medicaid today, more than $33 billion of new federal funding will flow to the state over the next 10 years, which would generate about $1.8 billion in new state revenue during the decade, according to forecasts from Gov. Nathan Deal’s office and a recent Georgia State University study. This new revenue would offset more than 80 percent of expansion-specific state spending over the next 10 years. In addition, Georgia’s cash-strapped local governments and school districts would gain about $1.2 billion in new sales tax revenue over the same time period. Download the fact sheet.