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Testimony cites CBO finding that investing in children’s Medicaid reduces long‑term federal deficits
Summary
At a Senate Committee on Appropriations hearing a lawmaker cited a CBO finding that each dollar spent on children's Medicaid coverage today reduces future federal deficits by roughly $2, using the claim to argue for preserving children's coverage.
The lawmaker pointed to a CBO finding that every additional dollar spent on children's Medicaid coverage reduces federal deficits by roughly $2 in the future, arguing that investing in children's health yields fiscal as well as health benefits. He linked healthier children to reduced future demand on health services and higher economic contributions as adults.
The testimony used that finding to support preserving Medicaid coverage for children and to counter arguments tying coverage cuts to fiscal discipline, saying that short-term cuts can increase long-term costs.
