AARP: $30 For Every $1 Spent On Medicaid Expansion - NewsChannel5.com | Nashville News, Weather & Sports

AARP: $30 For Every $1 Spent On Medicaid Expansion

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NASHVILLE, Tenn. (AP) - A study commissioned by the AARP found that Tennessee would reap nearly $30 for every dollar spent on expanding Medicaid.

The study presented to Governor Bill Haslam's administration and the speakers of the House and Senate on Tuesday noted that the state's participation in Medicaid expansion would result in $9.4 billion in direct federal funding through 2019, while the state's share would be about $315 million.

The report said that federal money would result in additional production of goods and services valued at $17.6 billion and wages, salaries and benefits worth $7.9 billion.

Haslam has said he plans to decide whether to recommend Medicaid expansion by the end of the month. Lawmakers would have to approve an expansion as part of the annual budget process.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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