nos-trum. pronunciation: \nos'-trum\. noun. Etymology: Latin, neuter of noster our, ours.
1. a medicine of secret composition recommended by its preparer but usually without scientific proof of its effectiveness.
2. a usually questionable remedy or scheme.
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Friday, June 25, 2010

Long-Term Care Costs In ObamaCare Kill the HCR Golden Goose (The States)

HCR's costs for Medicaid long-term care (LTC) could cause collapse of states' budgets.

A new study, described by Blaire Brody at The Fiscal Times (June 23), via Health Reform Hub outlines the best- and worse-case scenarios for the states under the LTC provisions of ObamaCare.

Best case:  Medicaid costs double (by 2030) as a percentage of state budgets.
Worst case:  Costs triple, accounting for 35% of a state's entire operating budget, 50% in one case.

The perfect storm.  How are we going to pay for all this?

Doc D

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