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...

GPD Reminds Citizens about Yard Sale Signs

GREENVILLE, Ky. (5/25/15) — Greenville Police Department would like remind the citizens of Greenville about laws… Read More

Reading Solutions Offers Students a Hand in Learning

GREENVILLE, Ky. (5/24/15) ― The Muhlenberg County Chamber of Commerce held a ribbon cutting ceremony for Reading… Read More

Most Read This Week

May 22, 2015 7134

Madisonville Man Charged with First-Degree Rape

by SurfKY News
May 23, 2015 6695

Missing 5-Year-Old Boy Found

by Doreen Dennis, SurfKY News
May 19, 2015 6372

Owensboro Health Proposes Building $15M Health…

by Doreen Dennis, SurfKY News
May 19, 2015 4236

Two Charged with Marijuana Possession after…

by SurfKY News
May 20, 2015 3514

Pennyrile Forest State Resort Park Holding Beach…

by Gil Lawson

Most Read This Month

May 15, 2015 10683

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
May 15, 2015 7489

Investigation of Local Barber Shop Leads to Drug…

by SurfKY News

Stories Trending Now

May 25, 2015 2954

Can Sunscreen Save Your Life?

by Melissa Patrick
May 25, 2015 1698

UPDATE - MPD Seeks Three in Residential Robbery

by SurfKY News
May 25, 2015 1406

Hopkins Man Injured in Muhlenberg Motorcycle…

by SurfKY News
May 24, 2015 1386

MCC's Felicia Johnson Receives State KCTCS Award

by Tammy Holloway, SurfKY News
May 23, 2015 1158

'Cooking for the Cure' Fundraiser Brings Out…

by Tammy Holloway, SurfKY News
May 25, 2015 937

Damascus Road House Leads Young People to Christ

by Tammy Holloway, SurfKY News
May 25, 2015 892

Seniors Celebrate with Cook-out, Games, Fellowship

by Tammy Holloway, SurfKY News
May 24, 2015 855

Reading Solutions Offers Students a Hand in…

by Charles W. Riley II, SurfKY News
May 24, 2015 701

Caldwell County Native Helping Unwrap Secrets of…

by Whitney Harder
May 24, 2015 593

Prosecutors from Kentucky, Tennessee to Attend…

by Leland Hulbert