Plano health insurance could see a boom in available healthcare workers between 2022 and 2025 if there is an expansion of Medicaid benefits, a new study suggests. The Commonwealth Fund, an organization that focuses on healthcare issues, released the report, adding that expanding Medicaid to low-income adults who don’t have children could add up to 134,700 jobs, lower the number of uninsured residents by 852,000 and pump billions of additional federal dollars into the economy.
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The Commonwealth Fund also said an expansion could lead to job increases in the construction, retail, finance, and insurance sectors. Interestingly, many government officials have long rejected expanding eligibility for Medicaid based on concerns over future costs. Currently, President Joe Biden has created a special open enrollment period that runs until August 15 for people who need affordable health insurance in Plano, and the overall goal is to expand beyond that and look at other measures (including changes to Medicaid) that would provide more options for uninsured Americans.
Rick Thornton, a Plano health insurance agent said it is imperative to get more Americans covered, but he doubled down on the president’s statement that officials still need to take a hard look at current health costs and find a way to lower them. Since April 1, the median deductible for Americans signing up for new coverage has dropped by nearly 90%, the president said. When it comes to Medicaid, Florida is one of 14 states that hasn’t expanded Medicaid eligibility to childless adults who earn up to 138% of the federal poverty level. According to Florida Politics, this amounts to $12,880 for an individual or $17,400 for a couple. Because childless adults don’t earn enough money to qualify for subsidized coverage through the federal health-insurance exchange, many of them end up uninsured, Florida Politics said.
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Release ID: 89019065