Obamacare bankrupting state governments
Finding out what’s in it: States that agreed to Obamacare’s Medicaid expansion are now discovering that it is bankrupting them.
[T] he budget scuffle [in Arkansas over the expansion] has highlighted the harsh fiscal reality emerging in the Obamacare Medicaid-expansion program — and these lawmakers will have to own it. Beginning next year, Arkansas is obligated to share 5 percent of the program’s cost. Doing this would account for a whopping 60 percent of the year-over-year growth in the state’s budget. With a 10 percent state match on the horizon — coupled with the program’s over-enrollment, cost overruns, and waste, fraud, and abuse — Medicaid expansion will devour Arkansas’s budget over the next ten years.
The budget picture is similarly bleak in other states that took the plunge. Only 18 months into Ohio’s expansion, the state’s total Medicaid costs nearly doubled, to $4.05 billion. By next year, Buckeye taxpayers will be on the hook for over $130 million to meet the 5 percent state match, more than double the projected $55.5 million.
The worst part of this story however is that voters in Arkansas clearly indicated in elections that they wanted the expansion to end. Despite this, the governor (a Republican) and elected officials are still maneuvering to maintain the expansion. Like Congress after 2010 and 2014, landslide victories by conservatives seem to have no meaning to these people.
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Finding out what’s in it: States that agreed to Obamacare’s Medicaid expansion are now discovering that it is bankrupting them.
[T] he budget scuffle [in Arkansas over the expansion] has highlighted the harsh fiscal reality emerging in the Obamacare Medicaid-expansion program — and these lawmakers will have to own it. Beginning next year, Arkansas is obligated to share 5 percent of the program’s cost. Doing this would account for a whopping 60 percent of the year-over-year growth in the state’s budget. With a 10 percent state match on the horizon — coupled with the program’s over-enrollment, cost overruns, and waste, fraud, and abuse — Medicaid expansion will devour Arkansas’s budget over the next ten years.
The budget picture is similarly bleak in other states that took the plunge. Only 18 months into Ohio’s expansion, the state’s total Medicaid costs nearly doubled, to $4.05 billion. By next year, Buckeye taxpayers will be on the hook for over $130 million to meet the 5 percent state match, more than double the projected $55.5 million.
The worst part of this story however is that voters in Arkansas clearly indicated in elections that they wanted the expansion to end. Despite this, the governor (a Republican) and elected officials are still maneuvering to maintain the expansion. Like Congress after 2010 and 2014, landslide victories by conservatives seem to have no meaning to these people.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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