The Feds will pick up the tab (at least in the beginning)! It will be cheaper if we implement this Progressive (aka Obamacare) program! Yeah, when the Feds stop paying their bill (aka, just like with their special Ed failed promises), this is what we get to look forward to as NH Taxpayers – from the Feds themselves:
In 2014, the average benefit costs of newly eligible adult enrollees are expected to have been substantially greater than those for non-newly eligible adult enrollees in the program. Newly eligible adults are estimated to have had average benefit costs of $5,517 in 2014, 19 percent greater than non-newly eligible adults’ average benefit costs of $4,650. These estimates are significantly different from those in previous reports, in which average benefit costs for newly eligible adults in 2014 were estimated to be 1 percent lower than those of non-newly eligible adults.
As Michael Cannon of the Cato Institute writes on Forbes:
So the Obama administration had projected newly eligible Medicaid enrollees would cost about $50 less than other Medicaid-enrolled adults, but they actually cost nearly $1,000 more. Nice.
And NH State Senators Chuck Morse, NH STate Senator Nancy Stiles and Jeb Bradley (among others) are going to stick US with the bill.
Nice.
(H/T: Opportunity Lives)
