Economic Impacts of Medicaid Expansion in Georgia

Georgia is one of ten states in the country that have not expanded Medicaid under the Affordable Care Act. An expansion would increase the income limit for non-senior adults to qualify for the program up to 138 percent of the Federal Poverty Level (FPL), allowing more people to gain access. The federal government would be responsible for funding 90 percent of the newly eligible enrollment population each year as well as an additional 5 percentage points of the existing enrollment population for the first two years of expansion under the American Rescue Plan, leaving the remainder for the state to cover. Georgia Health Initiative commissioned REMI to conduct a state- and county-level economic impact analysis of Medicaid expansion in Georgia using a regional PI+ model. The study looked at changes in total employment, economic output, Gross Domestic Product (GDP), personal income, and population.

Some notable results are available below:

        • On average during its first three years, Medicaid expansion in Georgia would spur the creation of an additional 51,264 jobs statewide
        • The size of the state economy is forecasted to increase by $9.4 billion in economic output and $5.5 billion in GDP on average each year during the first three years of the expansion
        • Rural Georgians are expected to experience annual average increases of 5,611 jobs, $862.4 million in economic output, and $502.5 million in GDP
        • The expansion would stimulate significant consumer spending (both health care and non health care related), increased supply chain demand, and growth in investment activity, among other effects

 

Click here to access the Issue Brief published by Georgia Health Initiative

Click here to access the full REMI report

The Macroeconomic Impact of Increased U.S. Electric Vehicle Battery Production

To reduce greenhouse gas emissions, the United States has had a surge in electric vehicles (EVs) used as an alternative to traditional fossil fuel-run vehicles. To meet the increasing demand for these EVs, factories and other parts of the manufacturing process are being established nationally. In this report, ERM uses REMI PI+ to project the economic impact of this new EV battery supply chain of manufacturing and recycling these batteries, especially regarding job creation, labor compensation, and GDP. The analysis encompasses the direct economic impact of battery creation and the indirect economic impact of raw material mining.

Click here to access the report.

Measuring the Economic, Equity, and Environmental Contributions of Transit Infrastructure

The Covid-19 pandemic has caused a sharp decline in public transit ridership and revenue. Despite this, public transportation remains vital for economies on the local, regional, and even national levels. KPMG analyzed how transit drives economic, equity, workforce, and environmental outcomes and examined how MPOs, RPCs, and DOTs can use federal funding to help public transportations recover in the short term and in the long term. KPMG specifically looked out how investments in bus electrification lead to job creation, GRP growth, and higher labor income. They also looked at how investments can strategically be used to assist minorities.

You can view the full report here.

The Economic Impact of RhodeWorks: An Accelerated Transportation Restoration Plan

Rhode Island ranks last in the nation for overall bridge condition. The RhodeWorks accelerate transportation plan seeks to achieve a goal of 90% structurally sufficient bridges, the federally mandated minimum, by 2025, with the intention of improving safety, making Rhode Island more attractive for businesses and to benefit local consumers. The dilapidation of Rhode Island’s transportation infrastructure has reached the point where if many of the failing bridges are not repaired soon, the costs of bridge improvements will grow as the state will soon be required to replace, instead of repair, its transportation infrastructure. Various scenarios of the RhodeWorks accelerated transportation plan were evaluated using REMI models.

You can view the full report here.

A Fiscal and Economic Analysis of Medicaid Expansion in Mississippi under the Affordable Care Act

This report presents a fiscal and economic analysis of Medicaid expansion in Mississippi. In summary, the analysis by the Tax-PI model from REMI, Inc., finds that the economic impacts to Mississippi from entering Medicaid expansion will positively impact state revenues and the overall economy. Between 2022 and 2027 we estimate the most the state will receive in additional annual revenues as a result of Medicaid expansion is around $44 million in a given year, a relatively a modest increase, with the largest portion of these additional revenues coming from the increase in individual income tax revenues.

A Fiscal And Economic Analysis Of Medicaid Expansion In Mississippi Under The Affordable Care Act – Mississippi Institution Of Higher Learning [full PDF]