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Why Cash is Better Than Expanded Health Insurance For the Poor

"Cash transfers go directly to people in need, while health insurance expansions pay mainly for care that the uninsured already receive, an economist says."

2021

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The benefit of Medicaid coverage received by a newly insured adult is less than half what that coverage costs taxpayers, which is about $5,500 a year. Low-income adults would benefit more from a dollar in cash than a dollar of government spending on health insurance. Investing $5,500 per person to expand Medicaid coverage only delivers $2,200 worth of benefits that recipients were previously ineligible for.
Amy Finkelstein
Basic Income
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