Posted on Jun 5, 2015
Medicaid enrollment under ObamaCare soars, raising cost concerns
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Medicaid enrollment under ObamaCare soars, raising cost concerns. Can We Afford This?
Several states that chose to expand Medicaid eligibility under ObamaCare now are facing deadline pressure to pay for it, the result of more signups than anticipated -- and, a looming reduction in how much of the bill the federal government will cover.
At least seven of the 29 states (and the District of Columbia) that expanded coverage have experienced significantly higher-than-expected enrollment. The expansion of Medicaid, the government health care program for low-income people, now allows most low-income adults making up to 138 percent of the federal poverty level to qualify. An estimated 1.4 million more people than expected have signed up in those seven states since enrollment opened in October 2013 -- with Illinois, Kentucky and Washington state more than doubling their projected numbers.
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Several states that chose to expand Medicaid eligibility under ObamaCare now are facing deadline pressure to pay for it, the result of more signups than anticipated -- and, a looming reduction in how much of the bill the federal government will cover.
At least seven of the 29 states (and the District of Columbia) that expanded coverage have experienced significantly higher-than-expected enrollment. The expansion of Medicaid, the government health care program for low-income people, now allows most low-income adults making up to 138 percent of the federal poverty level to qualify. An estimated 1.4 million more people than expected have signed up in those seven states since enrollment opened in October 2013 -- with Illinois, Kentucky and Washington state more than doubling their projected numbers.
See Video:
Medicaid enrollment under ObamaCare soars, raising cost concerns
Posted from foxnews.com
Obamacare
Insurance
Government
Medical
Posted >1 y ago
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With over 18 trillion dollars in national debt and and a debt per taxpayer rate of $154.278.00, we can't afford anything. That aside (because we keep spending anyways, its only our children's money right?), no we still cannot afford this. Most businesses have already changed many of their policies to match the large investment that Obamacare forces upon them, to include eliminating long term positions, full time positions and so on. With our current economic standings (not the good feeling standings that MSM spouts off about) , more and more "unexpected" costs are going to eventually bankrupt this nation, well that and our out of control spending.
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SGT (Join to see)
SGT Kevin Brown, The POTUS and those before him have really screwed the pooch with our economy. But now, the poor people will really be hurting. Businesses, like yours, will suffer too. I'm so glad I'm retired and don't have to worry about this in my 70's.
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SGT (Join to see)
SGT Kevin Brown, it makes me sick to think about what's going on with our country and all of the citizens. We used to be called the melting pot, but I think it's all melted now. I haven't given up on our country. I would just love to see some change for the better, all the way around.
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Unfortunately, the employers of the world and taxpayers will have to take on this burden with higher premiums to cover their fulltime workers and higher co-pays for out-of-pocket expenses for all individuals across this country. Did you think the insurance companies were going to absorb any of this cost and loss profitability! Sorry being a little cynical. It helps my business, but those who had good healthcare now have average or are paying more for it. That has to be a better answer; I just don't know what it is.
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SGT (Join to see)
COL Mikel J. Burroughs, Sir, I wonder if his policies will be changed with the next POTUS? Middle class, the poor, are really in a bind. I don't what the answer is either
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