Yesterday during the First In The Nation (FITN) Town Hall, Dr. Betsy McCaughey, former Lieutenant Governor of New York, spoke to attendees about Obamacare. She has long been a vocal opponent to the massive regulations that have hurt Americans’ healthcare across the country. Not only did McCaughey speak to the crowd but she also sat down for an interview with Examiner to specifically discuss Obamacare’s Medicaid Expansion in the Granite State.
On Thursday, January 28th, the New Hampshire House will hold public hearings on an Obamacare Medicaid Expansion bill, House Bill 1696. This bill will re-authorize Medicaid Expansion in the state. There has been zero details provided by the Health and Human Services Department on the costs of this expansion in the state. There has also been no fiscal impact conducted so the legislators in the house actually have no idea how many millions more this is going to cost taxpayers.
After her speech at the event, McCaughey was asked by an attendee about Medicaid Expansion. McCaughey responded with the following:
The federal government has promised to pay 100% and after a few years 90% of the incremental costs of expanding Medicaid.
Don’t believe it.
They’re already talking in Washington about how quickly they can break that promise. I can guarantee you they are not going to continue to pay that money.
And what will that mean?
It’s going to bankrupt your state because that would be money you have to spend on Medicaid instead of roads, schools and other budgetary pressures you have.
What do politicians do best? Break promises.
And this is one they knew they were going to break before they ever made it.
McCaughey explains that the more you expand Medicaid in your state, the higher private insurance premiums are going to rise for those who pay them. Why? Because they insurance companies will begin getting paid less and less for their services and will have to make up the costs.
When the federal government starts providing less money, as they will, the budget priorities will shift and since there isn’t a money tree that legislators can simply pick new dollars off of, they will have to put an income or sales tax into place. They will not have a choice.
Right now, legislators have a choice in New Hampshire. Since the overwhelming majority of Granite Staters have always been against Obamacare they have the choice to finally put the program to rest. It should never have been instituted in the first place. The costs have already exceeded what they were originally thought to be in a state where taxpayers cannot afford to pay any more money for any more welfare programs.