Providing access to private medical insurance for 250,000 low-income residents in a proposed expansion of Medicaid will save the Arkansas $670 million over the next 10 years, according to a report from the Department of Human Services.

The state won federal approval in February for Gov. Mike Beebe’s proposal for a private option to insure Arkansans with annual incomes of up to 138% of the federal poverty level, or $15,145 per person.

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