Colorado Governor John Hickenlooper announced earlier this year his support of the Obamacare Medicaid expansion provision, and that he would back the expansion in Colorado. Governor Hickenlooper joins an expanding list of Governor backing Medicaid Expansion. According to the Governor “This is a step toward what we have talked about for a couple of years: How can we make sure we’re making Colorado the single healthiest state in America?”
In Colorado an estimated 291,000 people are uninsured mostly adults who would be eligible for under the Medicaid Expansion of the Affordable Care Act. When the state partakes in Medicaid Expansion. 225,000 would be newly eligible for Medicaid. There are about 66,000 eligible adults who currently qualify but are not enrolled.
When Colorado expands Medicaid as part of Medicaid Expansion, a range of 246,000 to 338,000 adults will newly enroll into the program by the end of 2019. This includes the adults who will be eligible as a result of the changed requirements as part of the Medicaid expansion, provision of the Affordable Care Act.
Colorado will spend in the range of $286 to $470 million to cover new enrollees by the end of the first six years of the Medicaid expansion. This is 1.8% to 2.9% more than what Colorado would have spent on Medicaid during that timeframe without the implementation of Medicaid Expansion. According to the governor this represents an estimated $128 Million sticker price to Colorado, according to the Governor the state has identified at least 280 Million dollars in savings, these funds will be recovered through better use of technology, and medical cost reductions.
As of the present time the cost estimated by the governor is signficantly lower than the cost project by outside groups. According to the Kaiser foundation the cost is estimated at $858 Million dollars over the next 10 years. This has provided talking points for various opponents of the Medicaid Expansion provision.
Need Application Forms, or information on your states Medicaid Application guideline. Please visit our State Centers for Medicaid Page with links to Applications, and Contact information for specific states.