Residents of Red States, where leaders appear most opposed to President Obama's sweeping healthcare overhaul, could stand to gain the most if the act is allowed to be fully implemented, according to one analysis.
South Carolina ranks No. 4 on the list with a high percentage of uninsured residents who could qualify for Medicaid under Obamacare's new rules that open Medicaid to individuals and families that make up to 133 percent of the poverty line, according to the Aol Daily Finance story.
South Carolina Gov. Nikki Haley has already vowed to reject the Medicaid expansion, Daily Finance reports. Her state has one of the highest percentages of uninsured citizens: 19.9 percent of South Carolinians under age 65 don't have insurance. 12.7 percent of children under 18 are also uninsured. Under the proposed new Medicare rules, the percentage of [low-income] people without health insurance would drop by 56.4 percent.
The problem, according to the governors, is that states pay 43 percent of Medicaid's tab. A massive expansion of the program could bankrupt states, governors say. Daily Finance reports, however, that the federal government has promised to fully fund the increases until 2020 and after that the feds will still pay 90 percent of the expanded Medicaid rolls.
Other states that stand to gain the most from the Medicaid changes include Kentucky, Mississippi and West Virginia. See the whole list, including the states that stand to gain the least, on Aol Daily Finance.