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

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.

3/13 - 16

In Other News...

Whitfield Meets with Alzheimer's Association

WASHINGTON (3/29/15) — U.S. Rep. Ed Whitfield (KY-01), Chairman of the House Subcommittee on Energy and Power, met in… Read More
3/13 - 16

Most Read This Week

March 27, 2015 5760

Three Arrested during Execution of Search…

by Madisonville Police Department/Hopkins County Detention Center
March 25, 2015 5356

Fazoli's, Roses Coming to Madisonville

by Amber Averitt, SurfKY News
March 24, 2015 5137

One Dies, Another Injured in Mortons Gap Traffic…

by Deputy Heath Owens
March 25, 2015 5070

Grand Jury Finds No Criminal Wrongdoing in Bean…

by Doreen Dennis, SurfKY News
March 24, 2015 4251

UPDATE: One Injured in Hopkinsville Road Accident

by Doreen Dennis, SurfKY News
March 25, 2015 4048

Madisonville Man's Living Room Leap Lands Him in…

by Madisonville Police Department / Hopkins County Detention Center

Most Read This Month

March 09, 2015 13681

Multi-Agency Drug Bust Results in $1 Million Meth…

by KSP DESI
March 02, 2015 11590

Madisonville Teen Faces Numerous Drug Charges

by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Today

March 29, 2015 750

Should Inactivity be Classified as a Disease?

by Mallory Powell
March 29, 2015 600

Covenant Community Church Hosts Annual…

by Tammy Holloway, SurfKY News
March 29, 2015 531

Market Commentary - March 29, 2015

by Randall L. Franklin
March 29, 2015 526

North American Stainless to Make $150 Million…

by Office of the Governor
March 29, 2015 485

Huge Turnout Joins to Support Shanice Bean Family

by Tammy Holloway, SurfKY News
March 29, 2015 467

Gov. Beshear, Federal Officials to Announce New…

by Office of Governor
March 29, 2015 463

Legislator's Log - Week of March 29, 2015

by Brent Yonts
March 29, 2015 437

Dave Says - March 29, 2015

by Dave Ramsey
March 29, 2015 428

UK Experts to Discuss Cancer Care on KET

by Allison Perry
March 29, 2015 392

Outdoor Truths - March 29, 2015

by Gary Miller