Sen. Sylvia Larsen: Expanding Medicaid is all benefit, no cost for New Hampshire
Accepting federal funds to expand Medicaid is common-sense health policy, as well as good fiscal and economic policy for New Hampshire. Expansion would inject $2.5 billion into the state’s economy, create 5,100 jobs and save hard-working Granite Staters almost $100 million in health care costs. The potential benefits to our state’s families and small businesses are undeniable; the only question now is whether New Hampshire will move forward and accept the federal money for expansion or maintain a status quo that grows more expensive every day.
In addition, it would relieve the heavy hidden health care tax on small businesses in our state, who right now are forced to pay higher premiums to make up for the uncompensated care that hospitals and providers deliver. Accepting the federal Medicaid funds would save $400 million of this bad debt and charity care. That will mean a lot less shifting of uncompensated care costs onto businesses, which lowers premiums and cuts this hidden tax.
Sen. Sylvia Larsen, D-Concord, represents District 15 in the state Senate.
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