Obama Health Care Plan Bankrupts the States

Posted By Stephen Frank on November 28, 2009

We already know that the first ten years of Obama Care costs $2.5 Trillion, and the next five years has a cost of $1.7 Trillion.  That is on the national level.  Besides bankrupting the Federal government, his plan is to bankrupt the States as well.

“But not so in California, which only covers 100 percent of the poverty level. Were the House bill to pass, the already fiscally beleaguered state would have to increase its Medicaid spending on poor people by 50 percent, at least an extra $2 billion a year and perhaps more.

In many Southern states, the Medicaid program only covers a portion of those living below the poverty level. For these states, the requirement to cover all those in poverty and then 50 percent more will cause enormous increases in taxes. In Arkansas and Louisiana, where swing-Senators Pryor, Lincoln and Landrieu come from, the cost could exceed $1 billion for each state each year.”

So, the actual cost to the families of America is higher than even the CBO calculates.  California already has a $36 billion deficit (everything included)–BO wants to add $2 billion to that number, by mandate.

He will bankrupt the States as he bankrupts the Feds.  BO is NOT stupid–why is he doing this to us?  More importantly, why do we let him?

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Stephen Frank

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