STATE CREDIT RATINGS

 

 

In the March 29, 2018, edition of The Richmond Times Dispatch, Virginia Secretary of Finance Aubrey Layne expressed his view that Virginia cannot maintain its AAA bond rating without enacting Medicaid expansion under the Affordable Care Act. Specifically, Secretary Layne said, “If we don’t take the money, it’s my personal opinion it will be very difficult for us to satisfy the reserve requirement.”

Setting aside the fact that the Senate’s proposed budget places more money into Virginia’s cash reserves than the House’s plan, the record of other states that have imposed Obamacare’s Medicaid expansion would indicate Secretary Layne’s assessment may not be supported by experience or evidence.

The Latest on Medicaid Expansion

Read more facts about Medicaid expansion, problems encountered in other states and other options.

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