Medicaid

No Ding to Credit Ratings for Refusing Obamacare

Moody's says there's no credit risk in turning down Medicaid expansion

|

As states try to decide whether to participate in the Medicaid expansion through the federal health care law, they can stop worrying about one thing.

If they don't do it, it probably won't hurt their credit rating.

That's the prediction from bond-rating firm Moody's, one of three major credit rating agencies whose judgments can make or break a government's finances.