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The Obamacare Burden To Your State Budget

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Chris_:

--- Quote ---The Obamacare Burden To Your State Budget

Facing a $25 billion deficit for their next two-year budget cycle, Texas lawmakers are considering closing the gap by dropping out of Medicaid. “This system is bankrupting our state,” State Representative Warren Chisum told The New York Times. “We need to get out of it. And with the budget shortfall we’re anticipating, we may have to act this year,” he said.

And Texas is not alone. American Legislative Exchange Council director of the health and human services Christie Herrera tells NYT: “States feel like their backs are against the wall, so this is the nuclear option for them. I’m hearing below-the-radar chatter from legislators around the country from states considering this option.”

Medicaid already eats up a huge share of state budgets. In Texas, for example, more than 20 percent of the state budget is spent on Medicaid. The crisis facing states across the country is that Obamacare forces states to massively expand their already burdensome Medicaid rolls. Starting in 2014 states must expand Medicaid to all non-elderly individuals with family incomes below 138 percent of the federal poverty level. At first, Obamacare picks up the first three years of benefit costs for expansion. But in 2017 states begin to shoulder a larger and larger share of these benefit costs, maxing out at 10 percent by 2020.

(more...)
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Heritage

thundley4:
The more states that drop out, the better for the federal budget, also.

Lacarnut:
It is time for all this free shit to stop.

Belle:
One can always hope there'd be just a little good news about scaling back Obamacare.  But that won't be the case with a majority of liberal R's in Congress & its now an entrenched entitlement.

But cost it will.  & lose money it will.  But what's to worry, ask the politicians; its not their money being wasted.


--- Quote ---Bad news for New Yorkers, thanks to ObamaCare: More than 100,000 policyholders just learned that their Health Republic insurance plans will be canceled on Dec. 31. The start-up insurer (spun off from the Freelancers’ Union) is hemorrhaging red ink and has to close down.
That’s unfortunate for the policyholders, who now have to scramble to find other coverage and try to keep their doctors.
But even worse is the abuse of taxpayers across the country: Congress loaned a whopping $2.5 billion of taxpayers’ money to Health Republic of New York and 22 other boondoggle insurance co-ops, even after being warned by its own budget experts that many co-ops would fail and not repay the loans. How carelessly politicians spend other people’s money.
If anything, the experts’ warnings were understated. Across the nation, 21 out of the 23 co-ops are either shut down already or losing money. And it’s your money going down the rathole.
--- End quote ---

The article reminds us that Solyndra's cost was $500 million.  As bad as that throw-away money was, its miniscule compared to the co-ops losses.


--- Quote ---A co-op in Vermont closed in 2013. Iowa’s CoOpportunity Health collapsed in January, taking $145 million in federal loans with it.
Louisiana’s Health Cooperative shut down in July, after a steady stream of red ink. And in August, Nevada’s co-op announced it will close up by Jan. 1. It had $65.9 million in federal loans on its books.
--- End quote ---

& like any other group of liberals, place the blame for failure on someone else & keep trying the failed policies because eventually they'll work.


--- Quote ---A Health Republic executive suggested that the co-ops are failing because a “bitterly partisan Congress” provided less funding than they actually needed.
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http://nypost.com/2015/09/29/obamacares-latest-victims-100000-new-yorkers-and-taxpayers-everywhere/ 

Boudicca:
Damn, I hate whatever bureaucracy drives our medical system.  For example, Tricare Prime will pay whatever amount on a bill my surgeon will submit shortly.  Were this an actual surgical procedure bill it would be understandable, but no, thanks to who knows what idiotic freaking regs are in existence in order for me to receive, not my first, but my second surgery from the same doctor for the same problem (right wrist surgery carpal tunnel release) instead of my left wrist, I hate to drive 78 miles to his office in Tucson for a five minute interview so I could sign a release form and let him know all about my Med cruise since he and I remembered each other from this past December's surgery.  For that, Tucson Orthopedics will bill Tricare some ungodly amount, Tricare will reimburse at it sees fit and meanwhile the gas money and $12 co-pay I spent is about all the visit was worth, if that.  Medicine has to be streamlined.  It was not my choice to do this dumbshit interview, particularly because I know and trust the surgeon and we've done this before, AND he likewise would rather have spent his time fixing severe carpal tunnel syndrome cases instead of listening to my itinerary.  We are all victims of this system and I, for one, would love to find someone who had the capacity to streamline procedures so that time and money are not wasted with ridiculous CYA procedures and paperwork drills.
Tricare is basically obamacare, except it only serves a limited amount of the population who are or were affiliated with the military.  I shudder to envision the future abyss.

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