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  • Obamacare Bankrupting States

    12/29/2009 4:10:03 PM Posted by Cheri Cerame

    ObamaCare 175Published by Human Events

    by Foundation Vice President  Kate Obenshain


    Sen. Ben Nelson’s “Cornhusker Kickback” for Nebraska may have given Harry Reid his coveted sixtieth vote, but it comes at a price for the other states, states that are already feeling the hammer of rising Medicaid costs.

    Just coming to light is a concern that has been giving governors heartburn for months: the fact that states are going to be hit with a monstrous financial burden with the passage of Obamacare, and none are in a position to handle it.

    President Barack Obama intoned ominously just last week that “the federal government will go bankrupt” unless his federal takeover of health care passes Congress.  Few believe the rising costs resulting from this health care bill will be much of a protection against bankruptcy. One thing is for sure, though: passage of the health care bill with a massive expansion of Medicaid will bankrupt the states.

    read more at Human Events online

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