Obamacare to bankrupt states too!

December 2, 2012
By

All-round bankruptcy:

By Kaiser’s calculation, following Obamacare’s loosened eligibility conditions for Medicaid could add an additional 10 million people to the rolls of the insured. The tab for this will exceed $1 trillion by 2022 with Uncle Sam picking up $952 billion, leaving states on the hook for $76 billion. That represents a 26 percent increase in federal outlays, but the state share represents modest 3 percent increase — for now. The real crunch will come after 2022, when Uncle Sam is no longer required to foot the bill for the Medicaid expansion.

5 Responses to Obamacare to bankrupt states too!

  1. ip727 on December 2, 2012 at 4:30 pm

    The states are under no legal obligation to even have a state medicaid program. They could
    cancel they program if they wanted.

  2. Obama's Speech Coach on December 2, 2012 at 7:31 pm

    I wish they would! The Feds say we don’t need it… Obama gonna pay our mortgage, fill up our car, give us a free phone and condoms…

  3. Gerry Owen on December 2, 2012 at 7:43 pm

    America voted for Bankruptcy!
    Over the cliff! WOOHOOOOOOOOoooooooooooo………..

  4. artist on December 3, 2012 at 7:28 am

    Wonder how long the Union will hold?

  5. Jay in Perú on December 3, 2012 at 7:46 am

    It´s Obama´s marxism at work. Sometimes Karl and other times Groucho…

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