Medicaid Nightmare Looming
In a New York Post article, Former New York Lt. Gov. Betsy McCaughey sounds the warning of long term casualties of the Affordable Care Act of 2010. Medicare collapse may be the Democrats' scare tactic to gain votes for their party, but the government's expansion of Medicaid spending will equal that of Medicare by 2020, and that's even including "the wave of baby boomers entering Medicare."
McCaughey's conclusions come from the actuaries at the Centers for Medicare and Medicaid Services' predictions.
...the largest threat to the nation's solvency isn't Medicare; it's the Obama health law's vast expansion of Medicaid, which will cost more than Medicare once baby-boom demand peaks. [snip]
Simply put, the president's "reform" is converting Medicaid from a temporary safety net to a permanent, taxpayer-paid health entitlement, replacing private insurance. [snip]
Again, Obama's law is the main cause. It makes more people eligible for Medicaid and raises benefits so that the program's spending will top $900 billion in 2020 (state and federal), up from $343 billion in the last year of the George W. Bush administration. The actuaries estimate that Medicaid enrollment will reach 75 million in 2014. [snip]
Remember Obama's pre-health care campaign mantra "if you like your health care plan, you can keep your health care plan?" Well, many of us are asking "What health plan?" Employers in large companies are saying they'll drop coverage for their employees and pay the $2,000 fine imposed by the health care legislation; thus "some workers and their families will be forced into Medicaid."
Obama has turned the healthcare crisis into a full-blown nightmare. The number of uninsured has increased, premiums have increased, employers are dropping coverage, the quality of care has decreased and worst of all, Medicaid rolls are increasing. Middle class America can't withstand the assault.
Read more Ann Kane at Potter Williams Report