According to this report, Montana’s Medicaid expansion adds $270 million in personal income and more than $500 million in additional economic output to Montana’s economy each year and generates approximately 5,000 new jobs. The program provides health coverage for approximately 94,000 Montanans. Although Montana pays for a share of this new coverage, the study also found that savings and revenue generated by increased economic activity more than offset the cost to the state. The analysis was commissioned by Headwaters Foundation and MHCF, conducted by the University of Montana’s Bureau of Business and Economic Research, and released in Apr 2018.
A 2019 update to this report can be found here.Download