Well, this should be a big help to Governor Kasich’s potential presidential campaign. Nothing like a budget-busting entitlement to advertise one’s bona fides as a fiscal conservative:
Americans’ tax burden is already $3 billion heavier because of Ohio Gov. John Kasich’s expansion of Medicaid under Obamacare.
By putting more able-bodied, working-age childless adults on Medicaid than Kasich projected, Obamacare expansion is reducing incentives to work and threatening traditional Medicaid recipients’ access to care faster and at greater cost than anticipated.
After Kasich expanded Medicaid unilaterally, a state panel approved $2.56 billion in Obamacare spending for the expansion’s first 18 months. The money was meant to last until July, but it ran out in February.
Kasich’s Obamacare expansion cost $323 million in March — 84 percent greater than estimates revised just six months earlier.
Using monthly figures released by the Ohio Department of Medicaid, the Republican governor’s Obamacare expansion cost slightly more than $3 billion from January 2014 through March 2015.
Kasich’s Obamacare expansion is on track to cost more than $4 billion by the end of June.
With federal taxpayers on the hook for all benefit costs and Ohio facing a growing state share in 2017, Obamacare expansion may soon consume 10 percent of Ohio’s budget.
Governor Kasich rammed through the Medicaid expansion after the legislature declined to do so. In other words, placing his will above that of the people’s elected representatives. And what has his superior judgment brought the people? Costs far higher than expected. Right now, they’re spread across the backs of taxpayers in all 50 states. (Gee, thanks, Governor.) In a few years, however, the federal subsidies decrease and an increasing portion will be born solely by the taxpayers of each state. As the article points out, that could amount to 10 percent of Ohio’s budget, just for Medicaid. (And if the history of government entitlements is any indication, that figure is low.)
Massive cost overruns and a huge open-ended burden on state finances. Heck of a calling card for a spot on the Republican ticket, John.