Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Your Practice

Texas, where 25% are uninsured, opts out of Medicaid expansion (Atlantic)

X
Your article was successfully shared with the contacts you provided.

Texas Gov. Rick Perry sent a letter to Health and Human Services saying his state will not expand Medicaid. As the state with the highest rate of uninsured people in the country (25%), 1.4 million uninsured who would have qualified for Medicaid won’t. The expansion would have cut the number of uninsured by 50% by 2019, according to the Kaiser Family Foundation. “… I will not be party to socializing healthcare and bankrupting my state in direct contradiction to our Constitution and our founding principles of limited government,” Perry said in his letter. In 2010, Perry floated the idea of opting out of Medicaid to make up the budget deficit, but changed his mind after a study indicated that stripping 2.6 million state residents of health care coverage and $15 billion in federal funds would be devastating.