Most of the state’s estimated $829 million in “savings” on Medicaid spending from federal health care reform comes not from reduced costs, but from taxes on new insurance coverage generated by the new law.
A study by the Hilltop Institute found that the state government would come out $829 million ahead over the next 10 years because the new law would help cover 358,000 uninsured people, and this would produce $576 million in new premium assessments.
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