10 Cents Generate $1? GOP Says No If Medicaid

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    Aug 14, 2014 3:21 AM GMT
    NYT: If a C.E.O. rejected a deal offering an excellent rate of return, shareholders would probably sue. Not so when the C.E.O. is a GOP governor with a GOP legislature and the deal involves Medicaid.

    Under the Affordable Care Act of 2010, the federal government has offered the state the following deal: If the state expands Medicaid coverage to cover every eligible adult under 65 with an income up to 138 percent of the poverty line, the federal government will cover the entire cost for the next two years and 90 percent of the cost thereafter.

    If the governor and the legislature refuse to accept the federal deal — as 24 states have so far — they in effect vote against their own states. And it gets worse. The state’s citizens are paying taxes to the federal government to help cover the federal payments made to other states who do accept the new deal, but the state gets nothing in return.

    As just one example, Gov. Rick Perry of Texas and his state legislature are among those who have made the decision to reject the Medicaid expansion. With 24 percent of the population uninsured at any one time, Texas has the highest uninsured rate in the country.

    Mr. Perry has never been a C.E.O., and it’s interesting to note that a different governor, Rick Scott of Florida, who once was C.E.O. of the Hospital Corporation of America, eventually decided to accept the Medicaid deal, although the state legislature did not go along.

  • mybud

    Posts: 14081

    Aug 14, 2014 3:56 AM GMT
    The Republican's are still using that trickle down math...10 cents generating 1 buck doesn't compute...If they would get their fingers outta their ass, maybe they could get a hold of a calculator....