Fox Sports reporters Ben Goessling and Joe Tessitore break down the latest news on the Missouri health insurance market and discuss the new Medicaid expansion that is being implemented in the state.1.
Missouri health plan expansion comes to MissouriThe Missouri Department of Insurance announced Monday that it is expanding Medicaid coverage to more than 4 million residents, and it will add 3.5 million more people to the program by 2021.
The expansion is also expected to bring in an additional $2.4 billion to the state’s economy.3.
More people will qualify for Medicaid in 2020Under the new law, people with incomes of less than 138 percent of the federal poverty level will be eligible for Medicaid coverage.4.
Medicaid coverage will be available to everyoneThe expansion will cover an additional 12.7 million Missourians by 2021, according to the Missouri Department, which said that this figure will increase to 19 million people by 2021 and to 24 million people in 2023.5.
Missourians under age 55 will be able to get Medicaid coverageThe state announced that more than a million Missourian under age 50 would be able for Medicaid.6.
The Medicaid expansion will reduce costsThe Missouri Health Plan announced Monday it will reduce the cost of coverage for Medicaid enrollees by $7,000, with the most expensive plan being $18,000.7.
Missouri will spend an additional million dollars to expand MedicaidThe state will spend $1.1 million on Medicaid expansion and other programs, including $1 million to purchase more health care aides and $500,000 to expand enrollment.8.
Medicaid enrollment expected to rise to 20 million in 2021According to the department, Missourians will have an additional 14 million eligible Medicaid enrollee by 2021 as a result of the expansion.9.
Missouri Health plan will have additional resourcesThe expansion has additional resources to support the health of residents in the program.
The Missouri Health and Human Services Agency said that it will spend about $4.2 million to help expand the health coverage of enrollees in 2020 and 2021.10.
The state’s new health plan has a price tag of $19.8 billionThe new Missouri Health Care Plan is expected to cost about $19 billion in 2021.11.
How will Missouri pay for Medicaid expansion?
The expansion is expected pay for itself in 2024 and 2025, and the state will pay for the entire expansion through its tax revenues, which will increase about $2 billion, the state announced.12.
The new Medicaid health plan will cost more than the previous oneThe new Medicaid Health Plan will cost an additional 4.3 million Missouriers by 2021 according to an earlier estimate.13.
Medicaid expansion expansion will help pay for health care for the poorThe Missouri Legislature is set to take up the Medicaid expansion legislation in its September session, and Missouri lawmakers are expected to begin work on the bill during the session.14.
Medicaid expanded coverage is expected in 2021 and 2022Under the Medicaid plan, Medicaid recipients will be covered for medical and dental care, but the expansion will also cover other services.15.
Missouri has the highest Medicaid enrollment of any stateThe expansion would expand coverage to about 7.3 percent of Missourians, according the Missouri Health Plans.16.
Missouri is the first state to expand coverageThe Missouri State Hospital is the only other state to offer Medicaid expansion coverage, which means Missourians are among the first in the nation to be able get health care services at no cost to them.17.
Missouri’s Medicaid expansion is a successMissouri has been expanding Medicaid since 2013, and by 2020 the state had 1.8 million residents covered.18.
Missouri governor signs expansion billMissouri Governor Jay Nixon signed legislation Monday to expand state Medicaid coverage in 2021, 2019 and 2020.19.
Medicaid will be paid for with taxesThe Missouri General Assembly is expected this week to begin debating the expansion bill, which is expected be passed in early 2019.20.
Missouri wants the expansion to pay for its medical careThe expansion should pay for about $6.5 billion in medical care costs for the state, according a news release.21.
Missouri expansion is the most comprehensive in the countryThe expansion, which includes expansion of health care professionals, was created to help cover the cost for Medicaid, the health care law, and other Medicaid programs, according Medicaid officials.22.
More Medicaid coverage comes as Missouri has high rates of obesity and diabetes The state has the most obese residents of any in the U.S., according to a study released in March by the Centers for Disease Control and Prevention.23.
The health care system in Missouri is brokenThe state’s health system is broken, according one study from the University of Missouri, which found that residents who live in poverty earn more on average than those who do not.24.
Missouri now covers Medicaid recipients without incomeThe Missouri Insurance Department announced Monday the state is now paying Medicaid recipients with no income, but without any insurance