Friday, January 10, 2014

Now We See What The Effects of Medicaid Expansion

It turns out that expansion of Medicaid coverage for lo-income Americans increases rather than decreases visits to hospital emergency rooms.

According to a study, increased ER visits as result of expanded Medicaid coverage increased spending by $120 per covered individual!

We now face another huge and costly error in the assumptions that built and brought us Obamacare.

So far, providing “free” government health care through Medicaid has been attracting far more new enrollees than individuals signing up on the exchanges. Estimates show there are almost 2 million new enrollees through the exchanges and about 4 million new enrollees into Medicaid.

The Congressional Budget Office projects the number of enrollees in Medicaid to reach 91 million by 2023. And CBO projects annual growth in expenditures on Medicaid to be 8 percent per year, or more than double the expected growth rate of the American economy.

In order to bribe states to expand their Medicaid programs to cover these individuals, the federal government (translation: us taxpayers) will cover 100 percent of the costs of expansion for three years, and then 90 percent thereafter.

The bottom line is Medicaid is becoming a back door to get an increasingly large percentage of the American population on a single-payer government health care system and an increasingly large percentage of the American population on welfare.

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