beshear flags 300FRANKFORT, Ky. (5/10/13) – Calling it “the single-most important decision in our lifetime for improving the health of Kentuckians,” Gov. Steve Beshear today announced the inclusion of 308,000 more Kentuckians in the federal Medicaid health insurance program. The expansion, together with the creation of the Health Benefit Exchange, will ensure that every Kentuckian will have access to affordable health insurance.
 
According to the office of Governor Beshear, the expansion – made in accordance with the federal Affordable Care Act (ACA) – will help hundreds of thousands of Kentucky families improve the state’s health, create nearly 17,000 new jobs and have a $15.6 billion positive economic impact on the state between its beginning in Fiscal Year 2014 and full implementation in Fiscal Year 2021, he said.
 
“I have repeatedly said that I believe it is in the best interest of the Commonwealth and its citizens to provide better access to health care for our people. My only concern was the cost,” said Gov. Beshear. “We have now done the exhaustive research – and our conclusion matched what most other states have found: by expanding Medicaid, Kentucky will come out ahead in terms of both health outcomes and finances. In fact, if we don’t expand Medicaid, we will lose money.”
 
Several months of internal analysis – as well as outside studies conducted by the University of Louisville and the Price Waterhouse Coopers accounting and actuarial firm – determined that the expansion was a good deal for those families and for taxpayers. The reviews gathered information about possible impacts to citizen health, the state budget, workforce and economic development.
 
Medicaid currently provides health care for low-income or disabled citizens. After the U.S. Supreme Court upheld the ACA last year, states have the option to expand Medicaid eligibility to individuals who earn up to 138 percent of the Federal Poverty Level (FPL), with the guarantee that the federal government will cover the entire cost for the first three years.
 
The expansion will be effective January 1, 2014. By expanding, every Kentucky citizen will have access to affordable health care, either through Medicaid or through the Health Benefits Exchange – no one will fall into a coverage gap.
 
The Governor cited several key reasons for expanding the program, including:
• drastic improvements to Kentucky’s abysmal health rankings;
• millions in savings to the state budget and Kentucky taxpayers;
• billions in economic impact to the state, including nearly 17,000 new jobs;
• preventing costly penalties to businesses and protecting hospital funding; and
• broad support from health care advocates, county officials, and medical providers.
 
A new state website houses information about the expansion, including the CHFS white paper and letters from supporters. Visitors can also explore county-by-county data such as how many citizens will be newly eligible for Medicaid, or how much county jails spent on medical care last year. Visit http://governor.ky.gov/healthierky to learn more.
 
SurfKY News
Information provided by the office of Gov. Steve Beshear

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

Caldwell County Traffic Advisory

CALDWELL COUNTY, Ky. (7/28/15) — The Kentucky Transportation Cabinet plans to close a section of Kentucky 128 in… Read More

Muhlenberg County Head Start Preschool Program Accepting Applications

CENTRAL CITY, Ky. (7/29/15) — The Muhlenberg County Head Start Preschool program is now accepting applications for… Read More

Most Read This Week

July 23, 2015 14676

UPDATE: Family Confirms Body of Missing Teen…

by Shawn Freels, SurfKY News
July 27, 2015 5108

Death of Central City Man in Dawson Springs Under…

by SurfKY News
July 23, 2015 4393

Woman Accused of Striking Juvenile with Metal Belt

by SurfKY News
July 22, 2015 4380

No. 9 Steakhouse Suffers Fire; Owners Vow to…

by Doreen Dennis, SurfKY News
July 27, 2015 3627

School System Announces Free Lunch/Breakfast at…

by SurfKY News

Most Read This Month

July 02, 2015 19476

Emergency Response Team on Scene of Standoff on…

by Doreen Dennis, SurfKY News
July 17, 2015 15597

Muhlenberg Most Wanted - Top 10

by SurfKY News

Stories Trending Now

July 28, 2015 1899

Hanson Youth Wins Soap Box Derby World…

by Tammy Holloway, SurfKY News
July 28, 2015 1771

Heavy Rains, Two Wrecks Impede WKP Travel

by Doreen Dennis, SurfKY News
July 28, 2015 1396

Hopkins County Grand Jury Indictments

by SurfKY News
July 29, 2015 1317

Miss Hopkins County Fair 2015 Chosen

by Tammy Holloway, SurfKY News
July 28, 2015 1229

Bud's Gun Shop to Re-Open Uncle Lee's

by SurfKY News
July 28, 2015 1110

Hopkins County Misdemeanor Indictments

by SurfKY News
July 28, 2015 1057

Madisonville Police Arrest Reports Released -…

by SurfKY News
July 28, 2015 989

Hopkins County Sheriff's Reports Released

by SurfKY News
July 28, 2015 814

Hopkins County Traffic Advisory

by SurfKY News
July 29, 2015 791

Crime Stoppers Top Most Wanted - July 29, 2015

by SurfKY News