Revised Estimate Shows Lower Medicaid Costs

Democratic Gov. Terry McAuliffe's administration says the state would save money instead of spending it by implementing the new federal health care law.

Democratic Gov. Terry McAuliffe’s administration says the state would save money instead of spending it by implementing the new federal health care law.

The administration told lawmakers Wednesday that a 2012 estimate, which predicted the cost of the implementing the new law through 2022 would be $137 million, was now incorrect.

The new figures have the state saving $1 billion during the same period.

State officials said they had better data to predict costs than they did last year.

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Source: The Washington Post