Excerpt from: Crain's Business Detroit (click for full article)
While small-business groups in Michigan support Gov. Rick Snyder's
budget proposal to expand Medicaid to at least 500,000 uninsured people
in 2014, two of the state's largest business associations -- the Detroit Regional Chamber and Business Leaders for Michigan -- haven't taken a position.
If
the state Legislature approves, Michigan could receive $2 billion in
federal funds over the next 10 years to finance the newly
Medicaid-eligible. From 2014 to 2016, the federal government will pay
100 percent of the costs, a number that will drop slowly to 90 percent
by 2022.
But Republican leaders in the Michigan House and Senate
have expressed skepticism about the long-term costs to the state of
expanding Medicaid. About 1.9 million people, or 20 percent of the
state's population, already receive health insurance from Medicaid,
which now costs the state $12.75 billion of its $51 billion fiscal
2013-14 budget.
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