Whelp, another ♡bamaCare!!! prediction is coming to pass — a prediction made by the law’s critics, and not by its supporters. Read:
A new report by the National Commission on Financing 21st Century Higher Education, finds that the funding difficulties states will be facing because of the “huge growth” in Medicaid spending, caused by their expansion, could lead to a “tipping point” for public education institutions.
Here are the sobering statistics.
State spending nationwide on Medicaid was 15.6 percent of overall state budgets in 2013. That spending will increase to 17.9 percent by 2024, estimated the report, which is based on projections from Moody’s Analytics.
This increase in Medicaid spending “will siphon away $60 billion more from state budgets over the next decade.”
I hate sobering statistics.