(KTIV) – A study released on Monday shows the economic benefits of Medicaid expansion.
The study, released by Nebraska business and economics professors, seeks to inform voters about the economic benefits of Initiative 427.
In addition to delivering health care to 90,000 Nebraskans, the report finds the measure would create nearly 11,000 and $1.3 billion in economic activity.
Nebraska medical professionals say Initiative 427 would drive economic growth by bringing home nearly $600 million in federal funds every year.
Nebraskans who earn less than $17,000 a year or 138 percent below the federal poverty line, would be eligible for health care through Medicaid, if Initiative 427 is approved by voters.
“With Medicaid, low-income people have better access to health care, which makes them healthier,” said Dr. Allan Jenkins, University of Nebraska at Kearney Professor. “And not surpassingly, healthier workers are more productive workers.”
The study finds Initiative 427 would reduce uncompensated care by $343 million over a three-year period.