Thursday, April 24, 2014

Subscribe to Clarion AdvisoryRSS FeedSubscribe to Clarion AdvisoryComments

Latest News

Obamacare: Taxes & States: A Taxing State!

April 8, 2010 by
Filed under: Uncategorized 

  ‘Side Effects: States Will Feel the Effects of Obamacare’

SideEffectsLogo2 Obamacare: Taxes & States: A Taxing State!

By Kathryn Nix, The Heritage Foundation / 4-08-10

The national health reform rammed through Congress is giving state officials headaches. Writing in The Wall Street Journal, Indiana Governor Mitch Daniels outlines several problems states will have to deal with as a result of Obamacare.  For example, Daniels now faces the prospect of terminating a popular insurance program for low-income Indiana residents. The “Healthy Indiana Plan” includes health savings accounts that have been widely popular with the program’s participants. Due to new health care law, however, Indiana will most likely have to dump the “Healthy Indiana” enrollees into Medicaid.

Moreover, the Legislature will probably have to hike state taxes. Though federal funds will cover–initially—the medical cost of expanding Medicaid rolls, the states must cover the additional administrative costs. And the feds won’t cover the extra health costs forever. In later years, states have to pick up the tab of expanding benefits as well. At the end of the day, the Medicaid expansion will prove far more costly than “Healthy Indiana.”

Continue Reading . . .

Comments

Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!