It Just Makes Sense: Economic and Fiscal Benefits to Texas of Accessing Additional Federal Funds for Health Insurance Expansion
Report Published on December 14, 2020Texas is one of only 12 states that have not yet chosen to expand health insurance coverage to low-income adults using the financially attractive mechanism created with passage of the Affordable Care Act (ACA) in 2010. In addition to enhancing the health and wellbeing of individuals directly affected, expanding health insurance coverage involves substantial economic and fiscal benefits.
- Tags:
- expansion,
- Texas,
- insurance,
- healthcare
The Economic and Fiscal Benefits of The University of Texas Health Science Center at Tyler and UT Health East Texas
Report Published on July 22, 2020Through their joint mission of providing top-quality health care and training for medical professionals, The University of Texas Health Science Center at Tyler (UTHSCT) and UT Health East Texas (UTHET) generate a substantial increase in business activity and benefit the entire region in multiple ways. In addition to providing care for tens of thousands of patients each year, they provide jobs, procure needed goods and services, prepare health professionals (many of whom remain in the area), and conduct meaningful research, resulting in significant economic benefits.
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- hospital,
- Tyler,
- University of Texas,
- education,
- healthcare
Priority Midland by the Numbers: An overview presentation
Report Published on August 08, 2019Midland stands at the epicenter of an economic phenomenon of global importance which has created an enormous opportunity for the area. With proactive efforts, Midland can prepare for the challenges ahead and ensure the opportunities associated with oil and gas and related activity benefit the full community.
Economic Benefits of Expanding Health Insurance Coverage in Texas
Report Published on March 29, 2019Texas is one of only 14 states choosing not to expand health insurance coverage to low-income adults using the financially attractive mechanism created with passage of the Affordable Care Act (ACA) in 2010. Almost 1.5 million Texans would immediately become eligible for expanded coverage, according to analysis by the Kaiser Family Foundation.
- Tags:
- insurance,
- healthcare
The Economic Benefits of Texas Nonprofit Entities
Report Published on January 29, 2019Nonprofit establishments improve lives, communities, and society as a whole. These entities offer a variety of services and include hospitals and other health care providers, schools and universities, art museums, and many other types of operations. Not only do these organizations provide important services that enhance quality of life and societal wellbeing; they also generate substantial economic benefits through their operations and the associated multiple rounds of activity through the economy.
- Tags:
- philanthropy,
- museum,
- nonprofit,
- healthcare,
- education
Hunger: Economic Perspectives ‑ Sustainable Solutions
Report Published on November 06, 2014Even beyond the obvious physical and mental costs of food insecurity and the incalculable toll on the stability and dignity of families across the United States, there is also a tremendous economic cost. Health care needs of people who are food insecure are higher due to increased incidence and severity of disease. Health outcomes are also worse, reducing productivity and lifetime earnings. In addition, education expenses are higher, with a greater need for intervention such as special education. Achievement levels (and, hence, lifetime earnings) are negatively affected. These costs multiply as they work their way through the business complex and are largely borne by the whole of society. The Perryman Group estimates that hunger costs the US economy $461.9 billion in total expenditures and $221.9 billion in gross product each year as well as nearly 2.5 million permanent jobs on an ongoing basis.
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- hunger,
- food,
- healthcare
Toward a "Texas Solution": Texas Should Provide Insurance Coverage for the Expanded Medicaid Population Under the Affordable Care Act
Report Published on March 14, 2013An exchange is a private-market solution where competition among insurance providers will stimulate innovation and cost reduction measures while avoiding some of the flaws of the Medicaid program. Utilizing the Federal funds designated for Medicaid expansion under the ACA to provide private insurance coverage for the newly Medicaid-eligible population through such an exchange would increase the economic benefits to the state by both decreasing the administrative costs to the state and increasing the potential gains.
- Tags:
- Medicaid,
- healthcare
Only One Rational Choice: Texas Should Participate in Medicaid Expansion Under the Affordable Care Act
Report Published on February 13, 2013According to an analysis by The Perryman Group, every $1 spent by the State of Texas to expand Medicaid coverage under the Affordable Care Act (ACA) returns $1.29 in dynamic State government revenue over the first 10 years of the expansion. Medicaid expenditures lead to substantial economic activity, federal funds inflow, reduction in costs for uncompensated care and insurance, and enhanced productivity from a healthier population. When these outcomes and the related multiplier effects are considered, the program actually far more than pays for itself and provides a notable economic stimulus.
- Tags:
- Medicaid,
- healthcare
It Just Makes Sense: Economic and Fiscal Benefits to Texas of Accessing Additional Federal Funds for Health Insurance Expansion
Newsletter Published on January 15, 2021 (Vol. 38, No. 01)The Perryman Group recently estimated economic and fiscal effects of accessing the available federal funds to allow expanded health insurance coverage in Texas. This issue of The Perryman Report & Texas Letter summarizes results of the analysis. The full report, hosted at www.perrymangroup.com, includes additional detail as well as effects by industry. The research was funded by the Episcopal Health Foundation and St. David's Foundation.
- Tags:
- insurance,
- healthcare
The High Cost of Millions of Texans Losing Health Insurance Coverage
Brief Published on April 24, 2024Since the expiration of COVID-19-related provisions requiring states to keep residents enrolled in Medicaid, an estimated 2.1 million Texans have lost their coverage. Texas has by far the highest number of uninsured in the country and has removed significantly more individuals from coverage than any other state.
- Tags:
- Medicaid,
- healthcare,
- insurance