Medicaid Expansion Was Supposed To Pay For Itself, Instead Hospitals Are Closing | ZeroHedge

Authored by Mike Shedlock via MishTalk.com,

10 states did not fall for the Medicaid expansion trap under Obamacare. The rest are suffering. Private payers (you, one way or another) make up the loss.

Medicaid Expansion Puts Hospitals at Risk

The Foundation for Government Accountability (FGA) reports Medicaid Expansion Dramatically Increases Hospital Shortfalls emphasis mine.

Key Findings

  • Medicaid does not pay enough to cover hospitals’ costs, meaning hospitals need to make up for the shortfall by charging private payers more.

  • In expansion states, hospitals’ Medicaid shortfalls have reached $22.3 billion, increasing by 117 percent since 2013.

  • If non-expansion states were to expand, their hospitals’ Medicaid shortfalls would more than double, from $6.3 billion to $13.2 billion.

  • Non-expansion states should continue to say no to Medicaid expansion, and expansion states should work to roll it back.

Financial Struggles

Expansion Would Double Shortfalls

Bottom Line

This was one of the easiest “I Told You So” advance predictions in history.

Best of all, we have a decade of data to prove it thanks to ten states that resisted the trap.

About to Get Much Worse

Thanks to mass immigration, rather the failure to stop it, things are about to get much worse. Denver provides the perfect example.

Please note Denver Health at “Critical Point” as 8,000 Migrants Make 20,000 Emergency Visits

Obama claimed Medicaid expansion would pay for itself.

Whenever you hear that claim please run. Free government handouts are never free and most often backfire completely.

Congratulations to Alabama, Florida, Georgia, Kansas, South Carolina, Tennessee, Texas, Wisconsin, and Wyoming for avoiding the Obamacare expansion trap.

The rest of the states need to reconsider the Faustian bargain they entered.

Leave a Reply