Coburn: ObamaCare Will Bankrupt the States and Then Some

Senator Coburn (R-OK) and Senator Barrasso (R-WY) have released a report, Grim Diagnosis, analyzing the effects of new federal health care law. It is chock full of important information but one section should be especially worrisome to state governments: Washington mandates will send state costs skyrocketing.  Of eight states profiled, the 10-year cost of expanding Medicaid amounts to $41.7 billion dollars.  The report also notes a byproduct of Medicaid expansion is increased wait times and overcrowding in the Emergency Room (ER). Doug Holtz-Eakin, former director of the Congressional Budget Office, estimates that Medicaid patients will use the ER 68 million times costing an additional $36 billion through 2019 due to the new health care law.

Comments (4)

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  1. Ken says:

    Maybe the states will succeed in getting the whole thing declared unconstitutional.

  2. Devon Herrick says:

    Promises that the federal government will cover 100% of the costs initially and then 95% through 2019 are not all inclusive. My recent brief analysis on the topic explains how the additional costs will strain state budgets.

  3. Joe S. says:

    I think this is going to be devastating for the sates.

  4. Erik says:

    I love the prognostications of the conservative elite as they attempt to scare people to bite off their nose to spite their face.

    Where can I get my crystal ball?