In a new study, actuaries have concluded that ObamaCare could cost Indiana taxpayers an additional $3.5 billion.
The bulk of the additional costs will come from Medicaid expansion. ObamaCare expands Medicaid eligibility to 138 percent of federal poverty level. Since the mid-‘90s, Tennessee has had an expanded Medicaid program, called TennCare. Gov. Bredesen (D-TN) has called TennCare the “clear and present danger to the state’s financial stability.”
Already, at least 18 states have decided against running ObamaCare’s temporary high risk pool program because they believe the states would end up paying for it when the $5 billion in federal funds ran out. CMS has already said the $5 billion would run out in less than two years.
For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare.