Or is this analysis wrong? Is this NEW MONEY hot off the printing press and not robbed from Peter at all?
Keynesians seem to be inconsistent in the facts about NEW MONEY.
THIS is how they define "paying for itself"?
Wrongheaded. The feds need to get completely OUT of Medicaid and medicare since they have no constitutional authority for such, and as usual, the feds are the cause of medical costs to begin with. As usual when government screws up their answer is ALWAYS more government.
What’s happened to Forbes - used to be a pretty good pro-linted-government, pro-freedom, magazine.
This is just a repurposed version of the broken windows fallacy.
It is the same old game of shifting the same money stolen from the citizenry from purse to purse and calling it a bonanza each time it is moved.
Somehow handing out money for free makes it free money as they free me of my money to hand it out for free.
So in this “independent study” they spent a half a trillion dollars on 90,000 people and only 100,000,000 dollars went to shipping and handling charges. So if we extrapolate this Goobermint “success” to cover all 350,000,000 Americans not counting 50 million illegal migrants... hmmm...
90k goes into 350M 3,800 times, so health care will cost us 1900 Trillion... a year. Or in other terms 268 times the GDP a year.
A ONE POINT NINE QUADRILLION DOLLAR WELFARE SYSTEM.
With 5 percent “shrinkage” the politicians will bag only NINETEEN TRILLION DOLLARS A YEAR for passing this “tax”.
That equals 1.1 times the entire Gross domestic product of the entire country.
But it’s for the children doncha know.
Apparently Forbes is only a Capitalist publication when Trump is trying to slap a tariff on someone.
Research shows the expansion of Medicaid generates a half-trillion dollars a year in healthcare spending. Of that, 70%, or $350 million to $400 million, is “new money circulating in Montana’s economy.”
It does help with the drug trade. Medicaid patients with bad backs can get opioids for chronic pain which are later sold on the black market.
So, instead of suing pharmacies and doctors, AGs should just sue their States for funding these criminal activities.
I was hoping the article would say that providing insurance allowed patients to go see doctors and have preventative treatments that lowered the number and cost of emergency room visits and hospitalizations.
It reads like a hit piece on the expansion.
“It’s new money into the economy,” University of Montana’s Bryce Ward, the study’s author, said of Medicaid expansion in an interview. “In 2020, the state has to pay its full 10% share, but you get the 90% from taxpayers in other states.”
...
Free money. Obviously, economists don’t need to know math.
In 2020, the state has to pay its full 10% share, but you get the 90% from taxpayers in other states////
And the other Medicaid states get 90% of their total from other states which include Montana
Ponzi is back!