Cannabis Legalization Could Yield Millions in Medicaid Savings Annually.
Please Copy, Paste, and email to the NC Senator and Representative(s) in your county (FindYourLegislators for their email addresses)
Dear Senator or Representative: (insert name)
Medicaid savings could be significant for North Carolina with legalized cannabis.
Health Affairs (2014) published a financial analysis estimating potential Medicaid savings of $3.89 billion nationally. It appears that when cannabis is available, patients substitute cannabis for more addictive, less effective and more harmful prescription drugs. National savings for fee-for-service Medicaid would have been about $1.01 billion, with an average state savings of $20 million a year. Adding Medicaid managed care brings the potential savings to $3.89 billion nationally. SOURCE: Health Affairs - Medical Marijuana Laws May Be Associated With A Decline In The Number Of Prescriptions For Medicaid Enrollees
As we noted in last week’s Nugget, the Cato Institute issued a study estimating North Carolina budget savings regarding cannabis enforcement could be $263 million. SOURCE: The Budgetary Effects of Ending Drug Prohibition
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