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...(Read Full Post)