If there was a way for Texas to expand health insurance coverage to nearly a million of the state's most vulnerable people, enhancing their access to needed care, I think we can all agree that would be a very good thing. State budget constraints are a reality, but if the expansion could be accomplished without costing taxpayers anything, it would clearly be the right choice. What if Texas could increase coverage and actually come out ahead for taxpayers because of the substantial economic benefits? It would only make sense to do so. Right?
In a recent column, I talked about the enormous economic benefits of Texas nonprofit entities. We estimate that when multiplier effects are considered, ongoing operations of Texas nonprofits include $110.0 billion in annual gross product and nearly 1.4 million jobs (about one-eighth of all private-sector jobs in the state). In response to several requests, let's take a closer look at the types of organizations and their positive impacts.