Economic Impact of Increasing Health Coverage
Researchers at two of Alabama's universities have found tremendous economic potential for the state if its leaders expand the Medicaid program. Since the federal government would be picking up the tab for most of the costs of the expansion, Alabama stands to receive about $12 billion in federal funds over the next six years. The following highlights some of the findings from the research about the ripple effect of the federal dollars:
- $28 billion in additional business activity over the six year period starting in 2014.
- Includes $17 billion impact ot state's Gross Domestic Product
- Includes $10 billion in worker earnings
Click to see an industry-specific analysis of the additional overall business activity of an expansion.
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