Rising Cost of Medicaid Expansion Is Unnerving Some States

Associated Press and ABC News ^ | 10/5/2016 | Christina A. Cassidy

[Mr. Douglas]

In our case, because we are 62, the bronse plan for just me is so expensive that I can make around $120k a year and fall within the 8% rule. and I live in an area where mansions cost $250k, if you get my drift. ;-)

[Pollster1]

The cost of expanding Medicaid under President Barack Obama's health care overhaul is rising faster than expected in many states, causing budget anxieties and political misgivings. Far more people than projected are signing up under the new, more relaxed eligibility requirements, and their health care costs are running higher than anticipated, in part because the new enrollees are apparently sicker than expected.

Unexpected, again, and again. Who would have guessed?

[sheana]

We have a huge Toys 4 Tots program here. Every year they are begging for more and more donations because the ‘need’ is so great. When they show the line on tv every year i swear it winds round and round and stretches for half a mile.

[tbw2]

This is why Texas refused it - the state costs are enormous, and the federal partial rebates to the states for accepting increased loads were temporary.

[cgbg]

I believe it was Einstein who said that the only infinite thing in the universe was the stupidity of man.

I think we can add “need” to that list.

[Captain Peter Blood]

I live in Arkansas and our previous Gov. Mike Beebe, a Democrat, decided to take the Federal Government’s offer under Obamacare to have them pay 100% of Medicaid cost for three years.

Now that was about three years ago and the reason he took that deal was the State was looking at at least a $400 Million dollar hole in funding.

Now the three years ago are up I think next year or so and the state then has to start picking up the 5% or 10% we have to fund.

Not one politician has addressed this issue and what the projected amount of money involved will be. My guess well north of $500 Million as the Medicaid Roles have expanded by at least 250,000 or more. So the free ride is coming to an end and it will leave our state and others with severe funding problems.

Obamacare has done what is was designed to do, destroy the medical care and insurance field.

[Grampa Dave]