Friday, November 29, 2013

One-Third Of New Yorkers Will End Up On Medicaid Thanks To Obamacare.

This according to the New York Post article stating that some 300,000 New Yorkers will find out that they are now qualified for Medicaid.  The article didn't stipulate whether any of those signing up were doing so because they lost their employer sponsored plans so one can only speculate, investigate or wait, to be informed on that specific matter.  My instincts scream that this just can't be a good thing.  Although the Governor, Andrew Cuomo, and presumably, New York State democrats are probably thrilled.

"Since the Oct. 1 rollout of the ­Affordable Care Act in New York, nearly half of New Yorkers who signed up for insurance on the state-run exchange qualified for Medicaid.
Of the 76,177 sign-ups, 46 percent were Medicaid enrollees, while 41,021 enrolled in commercial plans. Many of those with moderate incomes who obtain private insurance are also eligible for public subsidies to help cover their premiums.
Cuomo has welcomed the Medicaid expansion because under ObamaCare the federal government is financing most of the costs of new enrollees.
Traditionally, the feds and New York state and local governments split the costs of the state’s massive, $55 billion Medicaid program, the largest in the nation.
Starting in 2014, the feds will pick up 75 percent of the tab and eventually 90 percent for childless Medicaid adults, instead of the current 50 percent. The new law expands eligibility for single adults to 130 percent of the poverty level, from the present 100 percent.
The new formulas will save New York state $2.3 billion a year.
Health advocates said the Medicaid expansion thus far has been the brightest spot in the ObamaCare rollout — at least in states that have agreed to participate.
“We’ve made good progress. ­Enrolling uninsured residents into Medicaid has been an important policy goal of New York for a long time,” said Assembly Health Committee chairman Richard Gottfried (D-Manhattan).
“Enrolling people in Medicaid makes economic sense. It means fewer expensive, unpaid hospital bills and a healthier workforce. It’s health care, not welfare,” he said."

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