Study: Ohio among hardest hit if Congress, Trump cut Medicaid
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“Medicaid investment is shown to have a “multiplier effect,” meaning that every dollar spent generates over a dollar’s worth of economic activity,” it said. “Medicaid drives employment in the health care sector; generates state and local tax revenue; and saves money for enrollees, allowing them to spend more on items other than health care.”
Medicaid spending also bolsters the economy by making more people healthy enough to work. Research in Ohio and across the country has shown that workforce participation is greater in states that expanded Medicaid, the Georgetown University McCourt School of Public Policy reported in 2023.
The economic benefits of Medicaid spending are manifold, the Commonwealth Fund report said. “Medicaid coverage helps lift enrollees out of poverty — more effectively, in fact, than federal tax credits,” it said. “In states that have expanded Medicaid, enrollees have benefited from reductions in income inequality, evictions, and bankruptcies, as well as improvements in credit scores. One study found that less than two years after Michigan expanded Medicaid, the average amount of medical bills in collections for enrollees had dropped by over $500, enrollees were 11% less likely to be evicted, and they were 13% less likely to overdraw their credit cards than before expansion.”
Read more at: https://www.mahoningmatters.com/news/state/article306074611.html#storylink=cpy
But, you know, facts don’t matter to the current regime. All they see is a poor person getting “something for nothing.” I have heard my share of right wing talking points over the years and that is how they feel about any safety net program.
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