Author Topic: ObamaCare created a Medicaid time bomb  (Read 324 times)

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Offline Rapunzel

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ObamaCare created a Medicaid time bomb
« on: December 09, 2013, 08:39:54 PM »

Offline Chieftain

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Re: ObamaCare created a Medicaid time bomb
« Reply #1 on: December 09, 2013, 08:41:27 PM »
...with a fast  burning fuse.  States will have to address this in their budgets next year.  Not only can States not print more money, they cannot declare bankruptcy either.  This is exactly why originally the State Legislatures appointed US Senators, so the State's interests (not the political party's) would be looked after.

Something has to give.
« Last Edit: December 09, 2013, 08:42:44 PM by Chieftain »

Offline Rapunzel

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Re: ObamaCare created a Medicaid time bomb
« Reply #2 on: December 09, 2013, 08:43:30 PM »
...with a fast  burning fuse.  States will have to address this in their budgets next year.  Not only can States not print more money, they cannot declare bankruptcy either.

Something has to give.

Yep and Jan has created a ticking time-bomb here in AZ by going with this.......  our GOP legislature did not want it and she resorted to vetoing every single bill sent to her until they capitulated and went with it...

Offline Oceander

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Re: ObamaCare created a Medicaid time bomb
« Reply #3 on: December 09, 2013, 09:17:10 PM »
...with a fast  burning fuse.  States will have to address this in their budgets next year.  Not only can States not print more money, they cannot declare bankruptcy either.  This is exactly why originally the State Legislatures appointed US Senators, so the State's interests (not the political party's) would be looked after.

Something has to give.


Absolutely spot on.  What will make it even worse at the state level is that many states have balanced-budget requirements in their constitutions that will prevent them from even temporarily funding the increase in medicaid through deficit spending.  Since states cannot declare bankruptcy - the federal bankruptcy code doesn't allow them to file for bankruptcy and the Constitution prevents them from enacting laws that modify or wipe out their own debt - that means that medicaid spending will very quickly crowd out all other spending until, and unless, the state drops medicaid.


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