Study Says Medicaid Expansion is ‘Affordable’

Expanding Medicaid to provide nearly 400,000 uninsured Virginians access to quality, affordable care would come at no additional cost to the state, according to new analysis released Tuesday by the Richmond-based Commonwealth Institute for Fiscal Analysis, an independent fiscal and economic policy organization. “When you fully account for all of the ways that the state would save money, Medicaid expansion would pay for itself,” says Michael Cassidy, President and CEO of The Commonwealth Institute. “The icing on the cake is that expansion also would support tens of thousands of well-paying health care sector jobs and generate millions in new tax revenue.”