Friday, December 11, 2015

A Little Budget Matter Has Come Up

Obamacare "authorized" and paid for (with deficit dollars) a Medicaid expansion for the states to subsidize health care for people above the then current Medicaid income levels. Oregon, of course, grabbed at this "free" gift. Shoulda read the fine print. 

The U.S. Senate voted to kill this Federal subsidy to the 30 states who opted into this program. Even if Obama vetoes it this time, it will happen. Thus, Oregon will have to come up with the bucks to fund it or throw people off the health care dole. This is on top of a $20 billion + PERS unfunded liability (which would take 27% of all the gross income earned by everyone in the state to cover) and repaying the Feds the $300M for the Cover Oregon website which never was. Yup, that's how Blue States are run. 

townhall.com/columnists/nicholashorton/2015/12/10/how-the-senate-just-changed-the-obamacare-debate-forever-n2092170

2 comments:

  1. We were aware of this. This money was to "get the show going" and are aware it will dry up. A good friend of mine in leadership position at SH stated a tsunami is coming next year.. based on the funding cut off.
    Watch out
    Jay

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  2. Can hardly wait! I figure if they confiscate roughly 30% of everyone's income who lives in Oregon, they can make all this work.

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