Report: NM gains initially with Medicaid expansion
Posted at: 09/27/2012 2:52 PM
By: BARRY MASSEY Associated Press
SANTA FE, N.M. (AP) - A legislative budget analysis estimates a proposed Medicaid expansion will generate more tax revenue for at least six years than it costs New Mexico to expand the program as called for under a federal health care overhaul.
The Legislative Finance Committee released the staff analysis on Thursday as lawmakers began to consider what will be one of the biggest issues confronting Gov. Susana Martinez and the Legislature next year.
The state must decide whether the state can afford the long-term costs of expanding the eligibility of Medicaid to potentially cover nearly 170,000 low-income New Mexicans by 2020.
About a fourth of the state's population currently receives medical care through Medicaid, which covers uninsured children, the disabled and the poor.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)