Kentucky Governor Steve Beshear

After months of deliberations, Kentucky Gov. Steve Beshear has decided to expand Medicaid in Kentucky under the Affordable Care Act, also known as Obamacare—a move that's won praise from Democrats and health advocacy groups.

Beshear said Thursday that expansion benefits Kentucky in many ways.

"This move makes sense not only for our health but also for our pocketbook. More important it makes sense for our future," he says.