State agencies and the news media are rightly giving attention to the expected rise in Medicaid’s share of the state budget over the next five years.
However, the attention has been only on our state’s share of the costs, failing to address the tremendous, positive economic impact that investing in Medicaid expansion has on our state.
Any discussion of the program’s economic impact should make it clear that Medicaid and the governor’s expansion of it do not merely provide health care. Rather, they are by far, the best job-creating, economy-boosting strategy the state has to offer.
Soon New Mexico will pay a state share for Medicaid expansion, which is currently covered 100 percent by the federal government.