Remember that little thing called “Medicaid expansion” that was an optional part of ObamaCare? You know, the one where states could optionally expand Medicare eligibility and the Federal government would pick up the tab – for a while?
Well, guess what. Pretty soon (2017) part of the bill starts getting transferred to the states. (Even so, the Federal government still will pick up 90% or more of the cost for the expansion.) And guess what that means?
If you guessed “big bills for the states who signed up” – give yourself a pat on the back.
Moreover, those bills are significantly larger than originally projected. Because you see – enrollment under those “expanded eligibility” guidelines has been much higher than projected. Many states are seeing an overage of over 100% of projections.
Gee – people finding out that they can get “free sh!t” and taking advantage. Why would anyone ever think that might possibly happen in greater numbers than expected? Sheesh.
Predictably, several states are now re-looking their ObamaCare Medicare expansions. I can’t say that I blame them; in the case of one state – Florida – the projected additional cost to the state is about $5 billion over the first 10 years. Guess who’s going to pay for that if they stick with it?
You see, when it comes to goods and services – like medical care – there isn’t really any such thing as “free”. Someone, somewhere pays for it.
And if it’s a government giveaway like ObamaCare’s Medicaid expansion . . . that means we pay for it in the form of higher taxes and interest rates. Well, at least those of us who ever pay taxes or borrow money do.
Fox today has an article that gives more details. It’s worth a read.
