The more you spend, the more you save.
Heard that one before? That’s the tortured logic some are now using to convince Texas legislators to expand Medicaid coverage to healthy, able-bodied individuals. Sound fishy? You’re right.
They point to a recent study that uses a lot of wishful thinking and dubious assumptions to suggest that spending hundreds of millions more on a broken government program will somehow save Texas money.
But that’s not the experience in states that have expanded Medicaid.
New York, one of the earliest and most earnest adopters of Medicaid expansion, has seen Medicaid enrollment explode in the last decade and is now dealing with a $6 billion budget shortfall.