Wednesday, June 22, 2016

CHF analysis of Colorado Medicaid expansion shows economic impact

The Colorado Health Foundation released a final analysis of the economic and budgetary impacts of Medicaid expansion in Colorado. This report shows that Medicaid expansion in Colorado is having a significant positive impact on the economy and these trends are expected to continue. To date, Colorado’s Medicaid expansion has added 31,074 additional jobs, increased economic activity by $3.8 billion and raised average annual household earnings by $643. By fiscal year 2034-35, Medicaid expansion is projected to add 43,018 jobs, increase economic activity by $8.5 billion and raise average annual household earnings by $1,033. 

The Foundation also published a supplement, “Behind the Numbers: Medicaid Expansion Drives Real Jobs in Real Colorado Communities,” that features three narratives from individuals in the health care sector witnessing firsthand the real impact that Medicaid expansion has in Colorado communities including Grand Junction, La Junta and Walsenburg. The report, “ Assessing the Economic and Budgetary Impact of Medicaid Expansion in Colorado: FY 2015-16 through FY 2034-35,” was commissioned by the Foundation and prepared by the Colorado Futures Center at Colorado State University.

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