Why We Can't Afford Obamacare
Obamacare is going to cost you more. If you've watched this program that's probably not news to you.
From taxes to fees to your actual health insurance.
It's also costing states more - a fortune in fact - because of a Medicaid mandate in the law.
The healthcare act requires states to keep their Medicaid rolls as is, and expands eligibility.
So states already are facing a 130 billion dollar shortfall. That's a combined total for all 50 states.
Those states won't be able to cut Medicaid to make ends meet.
The congressional budget office - not known for its accuracy - predicts the Medicaid mandate would cost about 60 billion dollars over the next decade.
But a joint congressional committee report says no way - the price tag is more like 118 billion dollars!
That's because half of those obtaining health care coverage under the new law will get it through Medicaid - the very program we can't afford already!
To top it all, the Cato institute is saying even republicans in congress are underestimating the ridiculous cost to states due to Obamacare.
A recent study looks at the five most populous states: California, Florida, Illinois, New York, and Texas.
Over the next ten years or so – New York will have one of the highest bills: 65 and a half billion dollars because of the state's high cost for enrollees.
The more than 30 billion dollar additional costs in Texas are nearly 20 percent more than pre-Obamacare.
And the predictions for Florida at nearly 24 billion dollars nearly doubles what the congressional committee predicted.
Things are so bad in New York, state officials tell the post by 2015, if Obamacare is upheld by the supreme court, six million residents will be on Medicaid.
That's nearly one third of the entire state's population!
Looking back to 2001, that's a 100 percent increase in less than 15 years!
A 24 percent jump from just today!
One state lawmaker tells the paper: "we have a $53 billion Medicaid budget, and we're adding one million people?... who's going to pay?"
Simple... the taxpayers...
States from New York to California, and everywhere in between, are already drowning in red ink. Taxpayers are being forced to dig in deeper. Cities and towns forced to do more with less.
This Obamacare mandate shows no consideration for any of that. It's just another big entitlement program.
State governments can't afford it, the federal government can't afford it... and you and I can't afford it.