As the owner of a family of multi-state businesses that employs almost 13,000 people — including more than 450 in Nevada — I am a strong supporter of the decision being made by states to accept the increased federal funding that will be available to expand Medicaid eligibility in 2014.
I want to thank Governor Sandoval for including a plan to implement expanded Medicaid eligibility in his proposed budget. In addition to providing valuable healthcare coverage to thousands of uninsured Nevadans, Medicaid expansion will directly benefit Nevada businesses by helping to reduce and contain the costs they incur for health insurance for their employees.
States that decide not to expand Medicaid — and reject the federal funds that will pay for most of it — are in essence making a choice to shift the future cost of the uncompensated healthcare that will be provided to those who remain uninsured to local businesses in the form of higher premiums.
In addition to the impact of uncompensated care, the cost of providing employer-sponsored health insurance to employees who would have been Medicaid eligible will be shifted to their employers if Medicaid expansion is not adopted.
I strongly urge the Nevada Legislature to support businesses by adopting the Governor’s Medicaid expansion proposal. It’s clearly a policy that will benefit Nevada workers and the people who employ them.
William F. Woody
Owner and Chairman of the Board