Sunday, July 1, 2012

Ruling adds hundreds of billions to healthcare law costs (America's destruction)


The Hill ^ | 6/30/2012 | By Elise Viebeck


The Supreme Court's decision to let states opt out of the healthcare law's Medicaid expansion will increase costs by hundreds of billions, according to an analysis by a conservative think tank.
Thursday's ruling means that states can refuse to expand Medicaid coverage for millions of low-income people without facing the law's original penalty.
The American Action Forum (AAF) estimated that states will not only forgo the Medicaid expansion, they'll cut their Medicaid rolls back to the "federally designated minimum" and move everyone onto the law's insurance exchanges.
AAF chief Douglas Holtz-Eakin blogged Friday that this would force the "federal government (read: taxpayer)" to foot the bill.
"The federal government would save as much as $130 billion in Medicaid in 2014, but it would be on the hook for $230 billion in new insurance subsidies," Holtz-Eakin wrote. "The net bottom line: a $100 billion annual expansion in federal costs."
(Excerpt) Read more at thehill.com ...

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