Rejection of Medicaid Expansion Would Prove Costly to Businesses

Many of the businesses that anchor the state’s service-based, tourist-dependent economy would be placed at a significant competitive disadvantage if Florida rejects Medicaid expansion. These include, for example, Florida’s retail, restaurant and hotel chains. If Florida expands Medicaid, employers pay no penalty for low-wage workers who enroll in Medicaid. As a result, a large employer that does not provide meaningful, affordable coverage to its eligible low-wage employees will save $3,000 for each such employee that enrolls in Medicaid instead of using Premium Tax Credits in the Exchange—but only if Florida elects to expand Medicaid.

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