Posted on 07/21/2015 9:46:49 AM PDT by bimboeruption
Expanding Medicaid to working-age Ohioans with no kids and no disabilities was supposed to cost $2.56 billion in its first year and a half.
So much for that.
After just 18 months, Ohio Gov. John Kasich’s Obamacare
[Go to article to see graph.]
Kasich underestimated the cost of the first 18 months of his Obamacare expansion by roughly $1.5 billion. Enrollment was almost 600,000 at the end of June, compared to Kasich’s projection of 366,000.
Ohio’s Obamacare expansion has cost far more than expected because enrollment and per-member costs have both rocketed past expectations.
Benefit costs have exceeded $325 million each of the past three months, and $300 million for seven months straight — setting a course for a total cost of $5 billion before the end of the year.
Obamacare provides 100 percent federal funding for Medicaid expansion through December 2016. States will have to pay five percent of the expansion’s benefit costs starting in 2017, and ten percent starting in 2020.
With the federal government $18 trillion in debt, Congress is likely to make changes to Obamacare expansion’s federal match rate, further increasing the burden on participating states.
Jonathan Ingram, research director at the free-market Foundation for Government Accountability, said Ohioans should be concerned about who will be “put on the chopping block” to pay for Kasich’s Obamacare expansion.
“In just a year and a half, Kasich has put more able-bodied adults on Medicaid welfare than his administration thought would ever enroll,” Ingram said.
He noted that in Kasich’s last two budgets, the governor “has proposed slashing funding to pediatric hospitals and kicking pregnant women off of the program.”
“At this point, one thing is clear: Ohio’s Medicaid expansion costs are rapidly spiraling out of control,” Ingram said.
(Excerpt) Read more at watchdog.org ...
"On Thursday when the Ohio Department of Medicaid released its June spending report, Kasich was in Tennessee telling Gov. Bill Haslam to keep up the fight for Obamacare expansion.
“'Part of the problem is people develop an ideological opposition and then don’t want to be confused by the facts,' Kasich told Obamacare supporters at a campaign stop in Nashville.
"Unlike Kasich, who expanded Medicaid unilaterally after Ohio lawmakers voted against it, Haslam — a fellow Republican — has been thwarted repeatedly by his state’s legislature."
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RINO Kasich lied to the taxpayers of Ohio about the cost of Medicaid expansion.
While he travels the country running for the presidency and crowing about his budgetary acumen, don't expect these numbers to come up...
At nearly 600,000, Ohio Medicaid expansion enrollment is 63% higher than expected At over $4 billion, Ohio Medicaid expansion has cost nearly $1.5 billion more than expected Benefits have cost more than $300 million every month this year
And it's only going to get worse.
Note: Go to the article link for informative fact sheets on the cost of Medicaid expansion.
Whenever any Government Official speaks of money and schedule you multiply the cost stated by 3.5 and schedule by 2 - 2.5 and you’ll be pretty accurate.
We have a corrupted and socialized monetary system in the USA. Its the foundation of our government now.
A rounding-error of $4 billion means nothing to our progressive planners. They can always print more or steal if from the middle class via financial repression.
I just read that this guy is now a GOP-E candidate for the presidency. He’ll do well in the current train wreck formerly known as the Republican party.
I wonder how many doctors are opting out of Medicaid?
Always..
But is it working? If it’s working you can’t compare it to Obamacare because the latter is NOT working and money wasted.
Whats a few billion between friends...
I guess this is acceptable the usual state politician, but if you want to be President, forget it.
I guess this is acceptable the usual state politician, but if you want to be President, forget it.
Great find!!! Good work!!! Keep doin the Lord’s work like this! May He bless you!!!
Ohio Ping
Freep Mail to be added or removed from the list.
At nearly 600,000, Ohio Medicaid expansion enrollment is 63% higher than expected At over $4 billion, Ohio Medicaid expansion has cost nearly $1.5 billion more than expected Benefits have cost more than $300 million every month this year
Well at least we Ohioans can rest easy at night knowing that our good governor can go before the Throne of Judgement when he exits this mortal coil and tell the good Lord how he helped the poor by spending other people’s money.
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