Tag Archives: debt.deficit

How Obamacare is Hastening the bankruptcy of state governments

Repeal the damn bill! How Obamacare is hastening the bankruptcy of state governments. Key quote:

If state Medicaid spending increases by 41 percent as projected by [the Centers for Medicare and Medicaid Services], then by next year Medicaid could end up consuming nearly 30 percent of the average state budget. Medicaid would greatly exceed all other state priorities, including education, which tops state budgets at about 22 percent. In fact, state spending on education would experience certain cuts next year. [emphasis mine]