Obamacare tries to achieve “universal” coverage by forcing the states to cover vastly more people under Medicaid. Medicaid happens to be one of the largest parts of state budgets, right after education. And this is what Obamacare will do to it over the next year:
And the stark numbers:
CMS projects that state and local spending on Medicaid will increase 41.4 percent between 2010 and 2011. No, that is not a typo.
Medicaid spending now represents on average about 21 percent of the typical state budget. If state Medicaid spending increases by 41 percent as projected by CMS, then by next year Medicaid could end up consuming nearly 30 percent of the average state budget. Medicaid would greatly exceed all other state priorities, including education, which tops state budgets at about 22 percent. In fact, state spending on education would experience certain cuts next year.
The good news: Maybe we can get the blue states – most of whom are already unable to pay their bills – to declare bankruptcy, and eviscerate (yes, I love that word!) the public sector unions!