Home » Common Cents » Currently Reading:

Medicaid Expansion By the Numbers

September 26, 2013 Common Cents

Medex By NumbersNew Hampshire can extend Medicaid coverage to adults ages 19 through 64 with incomes up to 138 percent of the federal poverty line under the Affordable Care Act.  Critically, the federal government will pay the lion’s share of the costs.

Here are four key numbers to remember when considering what is at stake for New Hampshire in the Medicaid Expansion decision:

49,000:  The number of eligible uninsured people who will sign up for Medicaid.  Many of them are working in industries that don’t typically offer health insurance.

$2.4 billion:  The amount of federal aid that will flow into the New Hampshire economy if the state moves forward with the expansion.  The federal government will pay 100 percent of the costs for expanded coverage from 2014 through 2016 and no less than 90 percent thereafter.

$45 million:  The amount of state budget savings New Hampshire can realize by moving forward with the Medicaid expansion, freeing state dollars to be put to other critical uses.

5,100:  The gross number of jobs that will be created as a result of the influx of federal funds coming into the state.  Most of the jobs created will be in the health care sector, but job growth is also likely to occur in the retail, construction, and support services industries.

Connect with NHFPI

NHFPI Sixth Annual Conference

NHFPI Annual Conference

Common Cents Blog

House Finance Committee Budget Boosts Education and Health Funding

5 Apr 2019

tree with coins

The House Finance Committee passed its version of the State Budget on Wednesday, April 3, recommending the full House adopt a plan to send significantly more money to local governments for education aid and add funding for State health services. The plan would fund these increases by using the current State surplus revenue in the State operating budget and expanding existing revenue sources while retaining added revenues proposed by the Governor. The Committee removed many of the Governor’s recommendations for one-time uses of surplus dollars and deployed most of those funds for budgeted services throughout the biennium. The House is scheduled to vote on the House Finance Committee’s amendment to the budget on April 11.