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As the CEOs of three major health systems in Michigan, we support Governor Snyder’s Healthy Michigan Plan that strives to improve and strengthen our state’s Medicaid program and offer health insurance to low-income working adults.
Failing to accept federal support to provide health insurance to an estimated 450,000 working Michigan adults – including many veterans – will have serious consequences to our local economy. Michigan will forgo about $2.1 billion in economic activity and an estimated 18,000 new jobs generated by the additional federal dollars coming into the state’s health care system.
Business leaders across Michigan — including the Michigan Chamber of Commerce, Small Business Association of Michigan and the Detroit Regional Chamber– are quick to point out that Medicaid reform can help slow the increase in health insurance premiums paid by Michigan employers, by reducing the burden of uncompensated care currently borne by Michigan hospitals. According to some estimates, this cost-shift has imposed a hidden tax of about $1,000 per family through higher health insurance premiums.