Politics & Government
Gov. Snyder Says State Will Save Money Under Medicaid Expansion
Snyder tells Fox Run residents in Novi that Michigan will save money despite eventually paying 10 percent of Medicaid costs.
Governor Rick Snyder spoke in Novi Wednesday about his plans for Medicaid expansion as part of his "Healthy Michigan Now" campaign.
Fox Run Retirement Community resident Anne Bickford asked Snyder what would insure the federal government pays for the Medicaid expansion and how the state will contribute.
"How will Michigan have the money to pay the 10 percent it's going to have to pick up?" she said.
>>See Snyder's response in the video above.
The federal government is going to pay for the first two or three years, Snyder said, and then Michigan needs to cover 10 percent of the costs.
However, the state will save money overall, he said.
"We're currently proving some services that will be covered by the federal government," he said.
He said the state budget will be about $200 million better after the start of this program starting with the first year. Snyder said the state can set aside half of those savings each year for a health savings account, which will pay for Medicaid expansion past the year 2030.
Do you think Snyder's plan will work? Tell us in the comments.
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