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Chicago Faces $67 Million Medicaid Expansion Short-Fall

From the Daily Caller:

Chicago Faces $67 Million Shortfall After Obamacare’s Medicaid Expansion Busts Budget

By Sarah Hurtubise | July 14, 2014

Chicago’s public health system is facing a massive $67 million shortfall after an early adoption of Obamacare’s Medicaid expansion cost much more than expected, Crain’s Chicago Business reports…

What a shock. Nobody saw this coming. Except everyone who predicted that this is exactly what would happen. But never mind that our news media told us that the Republican governors who refused to expand Medicaid (by raising the income threshold) were fools for not accepting all the free money from the federal government.

But the resulting program, CountyCare, is costing millions more than original projections. The prototype Medicaid expansion lost Cook County $21 million in the first six months of operation — that’s expected to balloon to $63.5 million by November 30, according to the Chicago Tribune.

Mind you, that’s just what they are admitting to. The real numbers are probably far higher.

CountyCare was expected to pad the city’s coffers. In 2013, state officials projected that the new system would bring in at least $28 million by November, Crain’s reported…

So their projections were only off by a net $100 million dollars or so. (The $28 million surplus that didn’t happen, added to the soon to be $70 million deficit that did happen.)

And yet we are supposed to believe government projections. And we are supposed to trust the government with our money.

While the program has already failed to meet budget projections this year, the problem is likely to get worse in 2015. Medicaid expansion patients are required to use only CountyCare medical facilities for the first year…

In January, however, CountyCare patients will be allowed to access other health plans and medical providers. That could leave the expanded Medicaid program to cover patients with the most expensive health problems, along with the least ability to pay…

Chicago made its bed. Now its taxpayers will have to lie in it.

This article was posted by Steve on Tuesday, July 15th, 2014. Comments are currently closed.

2 Responses to “Chicago Faces $67 Million Medicaid Expansion Short-Fall”

  1. GetBackJack says:

    Can’t we all just get along?

  2. Mithrandir says:

    Edwards’ Law of Government Cost Overruns
    Kato Institute: http://www.downsizinggovernment.org/edwards-law-government-cost-overruns

    Here is a rule of thumb to remember when you hear about a proposed government project: If a politician says that it will cost $1, it will end up costing $2 or more. Call it Edwards’ Law.

    This should be in everyone’s email box:
    Chicago homicides
    Chicago Tribune: http://crime.chicagotribune.com/chicago/homicides

    Jan. 1, 2014 – present

    *Afghanistan U.S. casualties so far this year, 34. (The city with the highest gun control, is far more dangerous than being surrounded by Al Qaida)

    They better get this healthcare thing worked out, because Chicago’s shooting victims so far this year is 1,254 people. And homicide is 207.
    For those AL GORE cheerleaders out there who made the claim cigarette companies need to pay, and packs of cigarettes should cost more because it’s a drain on our health care system, I present to you Chicago democrat politicians and their democrat voters who drain the system with their crime, while their leaders look the other way.
    Also, democrat leaders in San Francisco, and their democrat voters who VASTLY spread diseases by transmitting them back and forth to each other,…..in the name of “tolerance.”
    And our dear leader who ushered in a full blown invasion of democrat voters to keep the Senate in 2014, who already are a huge drain on our social and medical systems.

    ~If I didn’t know any better, it seems that Republicans and anything they like are the only things that cause our country harm.

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