For years, ObamaCare lobbyists have promised that expanding Medicaid to a new class of able-bodied adults was essential for hospitals’ immediate survival. They warned that, without ObamaCare expansion, hospitals would be headed towards a disaster of biblical proportions. Hospitals – especially those in rural areas – would close and the sick would be left without care. Private health insurance costs would skyrocket. Mass chaos would ensue.
But as it turns out, expanding ObamaCare hasn’t “saved” hospitals. Hospitals in states that expanded Medicaid are doing no better than those in states that didn’t. And there’s at least some evidence to suggest that Medicaid expansion will ultimately put hospitals in a worse financial position over the long run.