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If Medicaid expanded in Florida as a result of Obamacare, what would it cost?
Dean Stansel, associate professor of economics at Florida Gulf Coast University in Fort Myers, sharpened his pencil with University of Minnesota's Stephen Parente to figure out the impact of expanding the state's low-income health insurance program under the terms of the Affordable Care Act.
Their conclusion: The cost to taxpayers of adding new Medicaid recipients in Florida would rise $2.04 billion annually within the next decade.
That's because the net number of Medicaid enrollees would surge by 4.48 million to 7.11 million by 2023, Stansel and Parente say. Equally worrisome is that the number of insured people covered by private plans would fall by 2.15 million.
The Florida Legislature ended its session in May without approving the Medicaid expansion. But you can be sure it's going to reappear in 2014.
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