Jump to content

The Incalculable Health Costs


Recommended Posts

Front Page Magazine:

Always generous Uncle Sam will pay for almost any health ailments for some Americans. That’s the comforting message those recipients—about 16 million low-to-middle income folks. Eventually, this little-noticed part of Obamacare will cost billions, probably eventually trillions of dollars. To start, the federal and state governments between 2010 and 2019, will dish out a mere $6.8 billion. That the best determination of Richard S. Foster, chief actuary for the Centers for Medicare and Medicaid (CMS), U.S. Department of Health and Human Services. Those figures are tucked away in tables accompanying lengthy reports. But they represent only a tip of the potential mountain of outlays that lie ahead.

Public concern has focused primarily on the law’s provisions relating to charges other individuals will be demanded to fork over for medical treatment. Twenty states are mounting legal challenges to Obamacare’s mandate to buy health insurance. In the battleground state of Missouri seven in ten voted Aug. 3 against the mandate). In Virginia, a federal judge August 2 allowed the state’s lawsuit defying the insurance mandate to go forward.

Not surprisingly, few, if any, of those 16 million who are promised magnanimous care are complaining. Taxpayers, however, should be, if they are made aware of the future Olympian costs. The easily brushed-aside Medicaid program, together with the so-called CHIP health program for children, offer the most comprehensive U.S. health programs in existence. Among the entitled 16 million (although it maybe as high as 18 million), Medicaid will be paying, beginning in 2014 for all health care costs of anyone making up to 133 percent (although a footnote says 138 percent) of the Federal Poverty Level (now $14,404). After three years, it will be $19,877 a year. For a typical American family of four, Medicaid will care for those earning up to $47,200 by 2017, according to a senior specialist at CMS. In 2017, the amount paid by the federal government will decrease slowly each year, reaching 90 percent in 2020 where it will remain. The states will have to pick up the balance from then on, in this Federal-state sharing program that is Medicaid. Only a consummate bureaucrat could have concocted this intricate system.

Some 13 percent of all children up to age 18 live in poverty. Ten percent are white, Thirty-five percent are black and are more subject to health problems. Twenty-nine percent are Hispanic. Fifty percent of blacks are in female household families. These are the prime customers of Medicaid.snip
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 1709328967
  • Create New...