Side Effects: Obamacare’s Exploding Medicaid Costs
Kathryn Nix /
The states are in Big Trouble. While Americans are fearful of record federal deficits, the states also are facing increased costs. Most of the exponential growth comes from increased Medicaid costs, and the taxpayers in the states are going to pay for it.
A new Deloitte study gives predictions that by 2030 Medicaid costs could rise to somewhere between 35% and 50% of states budgets. The study referred to these exploding costs as a “ticking time bomb” that “has the potential to debilitate government effectiveness.” State budgets will be stretched by rapidly growing costs for long-term care, an aging population, and government mandates for increased access to health care. (more…)