Just the drug rules portion of ObamaCare will cost my state $400,000,000.00 over the next decade, with costs starting in July of this year. At this point the state is reviewing its options but it appears that ObamaCare may raise property taxes, income taxes and/or sales taxes. It is estimated that ObamaCare will cost my state over a BILLION DOLLARS in the future.
So I'm guessing that Obama, Pelosi & Reid won't have to raise taxes on all of us, it looks like they passed the bills down to our states and the states will do the dirty work and raise taxes. Hold on folks, your taxes are all going up up up. Every state will be faced with this, Medicare is paid roughly 50% by the states, so as Medicare is expanded under ObamaCare, the state's budgets get hammered with new costs. And how many states are currently teetering on bankruptcy? How many are actually financially sound?
So I'm guessing that Obama, Pelosi & Reid won't have to raise taxes on all of us, it looks like they passed the bills down to our states and the states will do the dirty work and raise taxes. Hold on folks, your taxes are all going up up up. Every state will be faced with this, Medicare is paid roughly 50% by the states, so as Medicare is expanded under ObamaCare, the state's budgets get hammered with new costs. And how many states are currently teetering on bankruptcy? How many are actually financially sound?
New drug rules to cost state $25 million in 2011
HEALTH REFORM LEGISLATION TAKES REBATES AWAY FROM INDIANA MEDICAID
http://nwitimes.com/news/local/lake/article_d891c742-c19b-5a8a-89d5-45066ccc338b.html
By Dan Carden - dan.carden@nwi.com, (317) 637-9078 | Posted: Sunday, March 28, 2010 12:05 am | (43) Comments
INDIANAPOLIS | While the most costly provisions of federal health reform won't take effect until 2014, state officials determined Indiana's budget will pay a price starting this summer.
That's because the new health law takes money from prescription drug rebates currently paid to state Medicaid programs and redirects those funds to the federal government.
As a result, Indiana will lose $25 million during the 2011 budget year, which begins in July, and as much as $400 million during the next decade, said Anne W. Murphy, secretary of the Indiana Family and Social Services Administration.
"This is the first of many costs Hoosier taxpayers will feel as this federal legislation becomes effective," Murphy wrote in a letter sent Friday to Ryan Kitchell, director of the Indiana Office of Management and Budget.
Kitchell forwarded Murphy's letter to lawmakers on the State Budget Committee, including state Sen. Karen Tallian, D-Ogden Dunes, warning committee members there will more bad budget news to come.
"There is still a lot of work to do to evaluate the extra costs imposed on Indiana taxpayers, which will eventually be in the billions of dollars," Kitchell said.
HEALTH REFORM LEGISLATION TAKES REBATES AWAY FROM INDIANA MEDICAID
http://nwitimes.com/news/local/lake/article_d891c742-c19b-5a8a-89d5-45066ccc338b.html
By Dan Carden - dan.carden@nwi.com, (317) 637-9078 | Posted: Sunday, March 28, 2010 12:05 am | (43) Comments
INDIANAPOLIS | While the most costly provisions of federal health reform won't take effect until 2014, state officials determined Indiana's budget will pay a price starting this summer.
That's because the new health law takes money from prescription drug rebates currently paid to state Medicaid programs and redirects those funds to the federal government.
As a result, Indiana will lose $25 million during the 2011 budget year, which begins in July, and as much as $400 million during the next decade, said Anne W. Murphy, secretary of the Indiana Family and Social Services Administration.
"This is the first of many costs Hoosier taxpayers will feel as this federal legislation becomes effective," Murphy wrote in a letter sent Friday to Ryan Kitchell, director of the Indiana Office of Management and Budget.
Kitchell forwarded Murphy's letter to lawmakers on the State Budget Committee, including state Sen. Karen Tallian, D-Ogden Dunes, warning committee members there will more bad budget news to come.
"There is still a lot of work to do to evaluate the extra costs imposed on Indiana taxpayers, which will eventually be in the billions of dollars," Kitchell said.