Monday, November 9, 2015

New study reports that the Medicaid expansion is going to, get this, cost more than previously estimated.

I'm shocked, shocked, to find out that a previously low estimate of the cost a government program is being revealed to be, like, um, completely wrong.
Illinois once projected that its Medicaid expansion would cost the state $573 million for 2017 through 2020. Yet 200,000 more people have enrolled than were expected, and the state has increased its estimated cost for covering each. The new price tag? About $2 billion, according to the Chicago Tribune.
Hey, they estimated $573 million, and it ends up being about $2 billion. No big deal. I'm sure they can just raise some taxes on just a few really rich people. Problem solved.

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