FOR IMMEDIATE RELEASE:
August 5, 2014
Study finds expanding Medicaid will hurt Indiana families
Governor Pence’s expansion plan lowers incomes and costs jobs in the Hoosier state
Glenn Allen, VA – A new study finds that Indiana families will be adversely affected by Governor Mike Pence’s plan to expand Medicaid in the state.
According to the study, published by Federalism in Action (a project of State Budget Solutions), Medicaid expansion will have several economic consequences in Indiana – none of them good.
These include declining personal incomes for those living in the state, as well as a shrinking of the state’s private sector as a whole.
“The numbers in this report are truly sobering and should serve as a wakeup call to everyone in the Hoosier state,” said State Budget Solutions (SBS) CEO J. Scott Moody.
“In the last 85 years, Indiana has seen its private sector shrink considerably,” Moody continued. “Since 1929, the private sector has shrunk from nearly 94 percent of the economy to just over 70 percent. Medicaid expansion will increase the Hoosier State’s costs and only exacerbate this troubling trend.”
But the problems with Medicaid expansion go beyond the macroeconomics of a shrinking private sector statewide. In order to keep private sector job levels stable, every household would have to take a personal income loss of over $3,700.00 per year in order to keep Indiana from shedding nearly 177,000 jobs.
“Governor Pence is letting good politics trump good policy,” said Moody. “And unfortunately, his constituents – the hardworking folks of Indiana – will be the ones to pay the price.”
To read the entire study, CLICK HERE.
State Budget Solutions is a non-partisan, non-profit, national public policy organization with the mission to change the way state and local governments do business.