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Effect of the ACA on Florida Medicaid Enrollment and Costs. The ACA encourages states to expand Medicaid eligibility to 138 percent of poverty ($32,500 for a family of four). The federal government would initially pay 100 percent of the cost of benefits for adults for three years — dropping to 90 percent in 2020 and thereafter.
If Florida expands its Medicaid program, up to 1.6 million additional individuals may enroll. Of these, 250,000 or more would not qualify for the enhanced federal match, because they were previously eligible but never enrolled. They would only qualify for the older — and much lower — federal matching rate of 59 percent. About 1.3 million would be newly eligible and subject to the enhanced federal match. This number will include some who drop private health insurance coverage. Despite generous federal payments, the Cato Institute estimates the ACA’s requirements would force Florida to increase general revenues allocated to Medicaid from just over $6 billion in 2008 (prior to the ACA), to nearly $24 billion in 2030 under an expanded program.
As previously mentioned, the states don't enjoy the same deficit leeway that the feds enjoy. In case you weren't aware of this, consider the following: