Tobacco companies' payment to TSET each year is roughly
SQ 814 calls for giving the Legislature 75% of the amount paid by tobacco companies, and TSET 25%.
SQ 814 "needs to pass," Stitt said recently. "We need to redirect some of those funds to the Legislature so we can actually pay for Medicaid expansion." However, even if the TSET formula gets flipped, the state will need to find other funding sources.
The Affordable Care Act allows states to expand Medicaid to cover adults younger than 65 whose income does not exceed 133% of the federal poverty level. The federal government pays 90% of the costs and the states 10%.
"Our numbers keep going up, and so we could be looking at
As for TSET, the agency is allowed to spend only the interest earnings from the endowment's corpus, which stands at roughly
Voters decided in June that they wanted Medicaid expansion. On
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