Wednesday, March 2, 2011

Obama to Hit States Up for $118 Billion to Cover Medicaid Expansion

Bungalow Bill
BungalowBillCW

The Congressman has no clothes. Billy Long exposed. http://t.co/vOlciHw
22 hours ago · reply

Didn't we already know Congress is full of jackassses? http://t.co/t5h4TiK
22 hours ago · reply

Don't trust Obama with this states opt out of Obamacare idea. http://t.co/m44cxA7
22 hours ago · reply

Obama gives Mitt for Brains Romney a compliment for Romneycare. http://t.co/Mvud2cD
22 hours ago · reply

Join the conversation


Wednesday, March 2, 2011
Obama to Hit States Up for $118 Billion to Cover Medicaid Expansion
Obama has been given states and their rights some lust lately. You can't call it love, because lust, and not love, betrays. Remember last week, Obama said the states could opt out of Obamacare under certain conditions. Consider the next fact, and ask yourself how is any state going to opt out when the federal government comes after this large sum of money from struggling states across the fruited plain.

Obamacare is set to expand Medicare. For this expansion, the federal government will look to the states for $118 billion dollars total by 2023. Here's what you need to know from National Review:


The massive increases in new federal spending under the health care law did not include the new Medicaid state spending mandates; and American taxpayers are still discovering the extent of PPACA’s costs. In 2017, state governments will be forced to spend new money on expanded Medicaid populations, and by 2020, the states will shoulder these new costs fully. The non-partisan Congressional Budget Office (CBO) originally estimated new state spending on Medicaid at $20 billion between 2017 and 2019, and an independent report from the Kaiser Commission on Medicaid and the Uninsured found that new state spending would be even higher at $43.2 billion through 2019. More recently, CBO has estimated a $60 billion cost to the states through 2021. …

This report conservatively estimates that PPACA will cost state taxpayers at least $118.04 billion through 2023.

The state-by-state findings9 of this report indicate just how unrealistic PPACA’s Medicaid mandates are for the states. California will spend at least another $19.4 billion on Medicaid; perhaps that is why former Governor Schwarzenegger said, “It is not reform to push more costs on states that are already struggling … and this bill … is a disaster for California…” The Texas Health and Human Services Commission estimated that Texas alone will be forced to spend $27 billion—more than the program’s entire annual budget today. The state of Idaho found that the law would grow its Medicaid program by nearly 50 percent. With $675 million in new costs for his state, it is not surprising that Governor Beshear (D-KY) recently said, “I have no idea how we’re going to pay for it.” Finally, former Governor Bredesen (D-TN) noted reality: “I can’t think of a worse time for this bill to be coming … nobody’s going to put their state into bankruptcy or their education system in the tank for it.”
Posted by Bungalow Bill

No comments: