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No tax increases, huh? This is just for Indiana.
Posted: May 13, 2010
In a new study, actuaries have concluded that ObamaCare could cost Indiana taxpayers an additional $3.5 billion.
The bulk of the additional costs will come from Medicaid expansion. ObamaCare expands Medicaid eligibility to 138 percent of federal poverty level. Since the mid-‘90s, Tennessee has had an expanded Medicaid program, called TennCare. Gov. Bredesen (D-TN) has called TennCare the “clear and present danger to the state’s financial stability.”
Already, at least 18 states have decided against running ObamaCare’s temporary high risk pool program because they believe the states would end up paying for it when the $5 billion in federal funds ran out. CMS has already said the $5 billion would run out in less than two years.
http://www.gop.gov/blog/10/05/13/flatlines-obamacare-could-cost-indiana
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Yes, it is a nightmare and will bankrupt the states. - 115 billion MORE over 10 years now
[ In Reply To ..]than previously thought. Taxes will have to go up for everyone to attempt to make up for this mess. All you "ignorance is bliss" Obama supporters better wake up -and soon!
Didn't the pubs say they were against some of this plan because - Backwards Typist
[ In Reply To ..]the costs were only estimates, didn't taken everything into consideration, and stated before it was all said and done, it would probably cost over $1 trillion?
In reality, they MUST go back to the drawing board. After all, most states cannot afford unfunded mandates now and to shackle them with more is a recipe for disaster.
http://blogs.abcnews.com/politicalpunch/2010/05/cbo-health-care-bill-will-cost-115-billion-more-than-previously-assessed.html
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