Medicaid expansion may save FL money

Florida would save money over the next decade—not lose billions as Gov. Rick Scott has argued—by accepting Medicaid expansion under federal healthcare reforms, according to a detailed economic study. Jack Hoadley, a senior researcher with the Georgetown Health Policy Institute, said the study was the first to calculate spin-off savings in other state programs if Florida accepted the expansion, which over the next 10 years could bring $26 billion in federal funds to provide insurance to an estimated 815,000 to 1.3 million Florida residents who are now uninsured.