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Medicaid Expansion for Florida
KEY FIGURES
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Over 600,000 Floridians earning below the poverty level do not qualify for health insurance through Medicaid or Marketplace tax credits.
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Over 800,000 uninsured Floridians would gain access to health insurance care through Medicaid expansion.
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This includes both Floridians without access to any health insurance and those who are only eligible for plans with high out-of-pocket costs.
Estimates of the number of uninsured may differ based on method used to count . The numbers give are from the Census Bureau and do not include those who are newly uninsured due to COVID-19 job losses.
FLORIDA'S MEDICAID ELIGIBILITY
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In Florida, to be eligible for Medicaid you must be a parent with dependent children and earn no more than 31% of the Federal Poverty Level, $6,924 a year for a family of three.
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Under the Affordable Care Act states can expand health insurance coverage to adults, including those without children, earning up to 138% of the Federal Poverty Level. This is up to $29,988 per year for a family of three.
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90% of the cost of expansion would be covered by Florida’s federal tax dollars returning to the state and save the state nearly $200 million annually (Florida Policy Institute).
ECONOMICS OF EXPANSION
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Medicaid expansion would bring $14.3 billion in new federal dollars to Florida over a five-year period.
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Researchers project state general revenue savings in the range of $198.9 million annually to $385 million over a five year period.
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Even before the pandemic Floridians were already bearing the financial burden of $2.6 billion per year in uncompensated hospital care contributing to more expensive private insurance premiums and greater hospital costs for everyone.
Learn More About Expansion
