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Report: Obama health law a good deal for states

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WASHINGTON (AP) — A new report says states can receive more than $9 in federal money for every dollar they spend to cover low-income residents under President Barack Obama's health care law.

Expanding Medicaid to cover about 20 million more low-income people will cost a total of more than $1 trillion from 2013 to 2022, the report estimates. But states will pay just $76 billion of that, or roughly 7 percent of the cost.

Texas, the state with the highest percentage of uninsured residents, would see a 6 percent increase in Medicaid spending. About 2.4 million residents would be added to the Medicaid rolls.

Two nonpartisan groups, the Kaiser Family Foundation and the Urban Institute, collaborated on the new analysis.

It also found a few states might spend less than they do now.

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