Medicaid has a lot of moving parts, and the option to expand it under the Affordable Care Act can seem confusing at times. In this revised chartbook, originally published in January 2013, we take stock of the latest data and analysis around budgetary savings, coverage improvements, and other key factors to explain how Medicaid currently works in Virginia, and the opportunity we have to improve it.
Virginia Has Several Safeguards When it Comes to Extending Health Coverage
Virginia has little to fear – and much to gain – by accepting federal money to provide health coverage to as many as 400,000 residents without insurance, given the safeguards state lawmakers have already built in and historically stable federal health care funding for states.
Lawmakers Can Ensure Virginia Has Resources to Close Coverage Gap
A trust fund established to hold and invest the state budget savings from closing the coverage gap could cover the costs of expansion for years to come – until 2050 under conservative scenarios and even longer under scenarios that mirror how the state currently manages its existing trust funds.
Lawmakers Leaving Veterans in the Coverage Gap
Military veterans and their families in Virginia are among the people who would benefit from expanding Medicaid eligibility under the Affordable Care Act, a move currently being considered by state lawmakers. More than 25,000 veterans, along with their spouses, could gain access to quality, affordable health care coverage – at little cost to the state – if lawmakers do the right thing and approve the expansion.