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Counterfactual: Universal 10% Increase in Medicaid Rates
| Baseline | No Market Expansion | |||
|---|---|---|---|---|
| Absolute | %Δ Spending | Absolute | %Δ Spending | |
| Δ CS | 212.0 | 64.1% | 202.6 | 89.0% |
| Δ Profits | 149.4 | 45.2% | 103.7 | 45.5% |
| Δ Spending | 330.7 | 100.0% | 227.7 | 100.0% |
| Δ Welfare | 30.7 | 9.3% | 78.6 | 34.5% |
| Avg Δ SN/Res | 8.7% | 8.7% | ||
| Avg Δ P | −4.5% | −4.5% | ||
Notes. Absolute values are measured in million dollars. The right panel presents welfare estimates holding nursing home demand (market shares) fixed.
