December 7, 2012 | Affordable Care Act, healthcare reform, Medicaid
The University of South Carolina’s Moore School of Business recently analyzed the impact the Affordable Care Act’s Medicaid expansion would have on South Carolina’s economy. And the findings are extremely positive.
The Moore School of Business reports:
- If South Carolina chooses to participate in the ACA’s Medicaid expansion, it would generate approximately $11.2 billion between 2014 and 2020. This increase signifies an injection of new procurement activity to the state that would not exist otherwise.
- South Carolina’s total annual economic impact of the increase in federal funding due to the Medicaid expansion will be approximately $1.5 billion in labor income, $3.3 billion in state economic activity while generating nearly 44,000 new jobs in the state by 2020.
- If the state opts to join Medicaid expansion, South Carolina is projected to generate a surplus of approximately $9 million in state revenue from 2014 to 2020.
For the full report from the Moore School of Business, please click here.
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