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Illustration: Sarah Grillo/Axios

An organizing committee working to get Medicaid expansion on the ballot in Mississippi called “Yes on 76" suspended its campaign Wednesday.

The big picture: The decision to drop efforts comes after the Mississippi Supreme Court ruled last Friday the state's entire ballot initiative process is “unworkable and inoperative” due to outdated language in the state's constitution.

Why it matters: Ballot initiatives have been an effective tool in getting Medicaid expansion passed in conservative states that are traditionally against the measure.

  • Six states have expanded Medicaid through ballot initiatives.
  • Last week, Missouri Gov. Mike Parsons (R) withdrew plans to expand Medicaid, in his state after the state legislature refused the fund the expansion.

By the numbers: About 25% of Mississippi's population receives health benefits under Medicaid or CHIP, a 2020 annual report shows.

  • Supporters of Initiative 76 estimated the expansion would extend coverage to about 200,000 more people.
  • The federal government currently pays about 82% of Medicaid expenses in Mississippi.

What they're saying: The 'Yes on 76' coalition will continue to "urge elected leaders in Mississippi to expand Medicaid to deliver healthcare, help keep our rural hospitals open and bring our tax dollars home from Washington," per a statement.

  • "We’ve witnessed unprecedented support for Medicaid expansion in recent weeks, and we are committed to keeping up the momentum that our campaign has created."

The other side: While Medicaid expansion was a top issue during the 2019 gubernatorial election, Mississippi's Governor Tate Reeves (R) opposes expansion, "making it unlikely that the state will take up expansion through legislation," the Kaiser Family Foundation notes.

Go deeper

2 hours ago - Sports

Unvaccinated athletes face 21-day quarantine at Beijing Olympics

Logos for the 2022 Winter Olympics at Yanqing Ice Festival in February 2021 in Beijing. Photo: Lintao Zhang/Getty Images)

Athletes, staff members and journalists at the 2022 Beijing Olympic and Paralympic Winter Games who have not been vaccinated against the coronavirus will be required to quarantine for three weeks, the International Olympic Committee (IOC) outlined in its newly-published "playbooks."

Why it matters: The quarantine period is longer than the Games themselves, meaning vaccinations or an earlier arrival date will be required to participate in or cover the Games.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.