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.

Posted on 2/2/14

In Other News...

Kentucky Hospital Association and March of Dimes Recognize Baptist Health Madisonville

MADISONVILLE, Ky. (4/17/15) — In 2012, the Center for Medicare and Medicaid Services launched the Partnership for… Read More

Colonels Hold off Warren Central for Second Straight Win

HOPKINSVILLE, Ky. (4/17/15) — The Christian County baseball team claimed its second straight win Thursday evening,… Read More

Most Read This Week

April 13, 2015 6196

Three Juveniles, Adult Accused of Vandalizing…

by Deputy Will Coursey
April 17, 2015 5412

An Open Letter from an Addict

by Olivia Kirks
April 14, 2015 5001

Several Juveniles Charged in Connection with Fight

by SurfKY News
April 18, 2015 3930

Man Charged with Attempting to Coerce Minor for…

by Madisonville Police Department
April 16, 2015 3380

Crime Stoppers Fugitive of the Week – April 16,…

by Hopkinsville – Christian County Crime Stoppers

Most Read This Month

March 18, 2015 10075

UPDATE: Hanson Man Located in Henderson, Taken to…

by Trooper Stu Recke
April 02, 2015 8462

UPDATE: Madisonville Man Injured in Head-on…

by Doreen Dennis, SurfKY News

Stories Trending Now

April 17, 2015 5412

An Open Letter from an Addict

by Olivia Kirks
April 18, 2015 3930

Man Charged with Attempting to Coerce Minor for…

by Madisonville Police Department
April 17, 2015 1278

Madisonville Police Reports Released

by Rita Dukes Smith, SurfKY News Director
April 17, 2015 1236

Two Charged in Connection with Powderly Firearms…

by SurfKY News
April 17, 2015 1110

Police Officers Building Up Community by Helping…

by Doreen Dennis, SurfKY News
April 17, 2015 1023

Hopkins County Sheriff's Reports Released

by SurfKY News
April 18, 2015 943

MPD Offers Advice On Prom, Underage Drinking

by Lt. Billy Poe
April 17, 2015 890

'The Bidding is On' at Annual Library Auction

by Tammy Holloway, SurfKY News
April 17, 2015 717

Free Seedling Plantings Available While Supplies…

by Amber Averitt, SurfKY News
April 17, 2015 640

Brown Pitches Baseball to Series Opener over…

by UK Athletics