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Study: Obamacare good for states

2 years ago November 26, 2012 Nov 26, 2012 Monday, November 26 2012 Monday, November 26, 2012 6:29:06 PM EST in News
Source: Associated Press

A new analysis of the President's health care reform law says states can get more than $9 in federal money for every dollar they spend to cover low-income residents. Two non-partisan groups, the Kaiser Family Foundation and the Urban Institute made the declaration. The analysis also found states may spend less than they do now. Expanding Medicaid to cover about 20-million more low-income people will cost more than a trillion dollars from 2013 to 2022 according to the analysis, but states will pay $76 billion. That's about 7-percent of the cost.

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