Countering arguments that Medicaid expansion would benefit North Carolina’s economy, a new report from the national group State Budget Solutions estimates that expansion actually would lead to a $6.4 billion hit in future personal income growth.
That’s the equivalent of $1,638 in personal income loss per household or 120,395 lost jobs, according to report author J. Scott Moody, State Budget Solutions chief executive officer and chief economist.
Moody offered details of his report during a presentation Monday to the John Locke Foundation’s Shaftesbury Society. In the video clip below, Moody explained how he calculated his estimates.
Click here to watch the full 43:35 presentation.