Economic and Employment Effects of Expanding Medicaid in Iowa

The purpose of this report is to offer a balanced and comprehensive view of the economic, employment, and budgetary effects of this decision of whether or not to expand Medicaid in Iowa. Researchers at George Washington University and REMI utilized a structural macroeconomic model to quantify the impact of the Affordable Care Act on the broader Iowa economy, with and without the Medicaid expansion. Analysts estimated the economic and employment impacts based on the level of new federal revenue generated by Medicaid expansion, which then showed that Medicaid expansion would reduce direct Medicaid costs to the state, and enable the state to draw down billions of dollars in additional federal funding that will support jobs and maintain the state’s healthcare infrastructure.

George Washington University, REMI – Economic and Employment Effects of Expanding Medicaid in Iowa [full PDF]

Economic and Fiscal Impacts of Amendment 66 and the Public School Finance Act on the Colorado Economy

The REMI Tax-PI model was used to forecast for this study that the average taxpayer was set to feel the effects of raised taxes on employment opportunities and consumption, but the surplus of funds is slated to positively shape economic benefits in the education sector and the industries that supply goods and services to schools and students as well as construction, software, and hardware sectors. The numbers do, however, leave much to be desired by way of student achievement increases in graduation rate and test scores.

UCO Boulder – Economic Impact of Amendment 66 [full PDF]

The Economic Impact of the Military on North Carolina

For the North Carolina Department of Commerce, REMI PI+ analyzed how much the high military presence in the state of North Carolina supports their overall economy. A total of seven prominent military bases are located in the state and these bases support about 540,000 government and military jobs. The model also shows that the military supports around $30 billion in personal income and about $48 billion in gross state product. Additionally, the findings indicate that military installations may have provided some necessary stability to local economies during the Great Recession.

North Carolina General Assembly – The Economic Impact of the Military on North Carolina [full PDF]

The Economic Impact of the South Dakota Public University System

A loss of $2 billion annually, 14,700 direct and indirect jobs, and 42,800 citizens was found by REMI’s Policy Insight model to be attributable to the hypothetical removal of the South Dakota public university system. Also lost in this scenario would be $192 million in living expenses by students and the $234 million spent on tuition and university fees. Overall, the South Dakota public university system provides a consistent, integral presence in their state’s economy.

University of South Dakota – Economic Impact of the South Dakota Public University System [full PDF]

Higher Education, The Health Care Industry, and Metropolitan Regional Economic Development: What Can “Eds & Meds” Do for the Economic Fortunes of a Metro Area’s Residents?

This 2007 report was attempting to analyze the economic effects of higher education and health care institutions on their surrounding metropolitan regions with the help of the REMI model. Specific criteria considered included the total magnitude of each industry, the impact of losing such institutions, and the effect of replacing an educational facility with a medical facility and vice versa. It was found that the particular impact of a given institution is based on the region it’s in and the overall health and production of that corresponding metropolitan landscape. Increasing funding and expansion for either one of these industries should have significant positive economic effects on that region.

Upjohn Institute – Eds and Meds [full PDF]