Tweet
Arnold is leaving California as wreckage, economically, educationally and morally.
He has decided, his actions speak louder than words, to make sure this State goes bankrupt and is in a Depression for at least a generation. His is an almost billionaire and he is laughing at us.
"As California prepares for national health care legislation, the looming and potentially massive increase in Medi-Cal spending has already begun, and will most likely continue to outpace any growth in the state’s revenues.
Officially called the Patient Protection and Affordable Care Act, “Obamacare” may not be immediately on the horizon, but passage of the federal legislation appears to have given California justification in expanding its own far-reaching health care system.
The Legislative Analyst’s Office reports that total spending for the state’s major health departments has increased from $24.5 billion in 1999-2000, to an estimated $57.8 billion in 2009-2010. This is an increase of $34 billion, or 136 percent, over the 10-year period, and has far outpaced state revenue increases.
The state’s Department of Health and Human Services reports that California will receive approximately $10 billion in federal funds almost immediately “to invest in our health delivery system to prepare for national health care reform. These investments are also designed to help slow the rate of growth in health care costs within the Medi-Cal program.”
To cover the $54 billion in costs (which is a low ball number), the Fed MIGHT give us $10 billion. Either Arnold is an economic illiterate or he really dislikes us.
We lose money, health care coverage, but he is helping the funeral industry.
Thank you Arnold for assuring a disaster in California bigger than any earthquake. What a legacy.
More...
He has decided, his actions speak louder than words, to make sure this State goes bankrupt and is in a Depression for at least a generation. His is an almost billionaire and he is laughing at us.
"As California prepares for national health care legislation, the looming and potentially massive increase in Medi-Cal spending has already begun, and will most likely continue to outpace any growth in the state’s revenues.
Officially called the Patient Protection and Affordable Care Act, “Obamacare” may not be immediately on the horizon, but passage of the federal legislation appears to have given California justification in expanding its own far-reaching health care system.
The Legislative Analyst’s Office reports that total spending for the state’s major health departments has increased from $24.5 billion in 1999-2000, to an estimated $57.8 billion in 2009-2010. This is an increase of $34 billion, or 136 percent, over the 10-year period, and has far outpaced state revenue increases.
The state’s Department of Health and Human Services reports that California will receive approximately $10 billion in federal funds almost immediately “to invest in our health delivery system to prepare for national health care reform. These investments are also designed to help slow the rate of growth in health care costs within the Medi-Cal program.”
To cover the $54 billion in costs (which is a low ball number), the Fed MIGHT give us $10 billion. Either Arnold is an economic illiterate or he really dislikes us.
We lose money, health care coverage, but he is helping the funeral industry.
Thank you Arnold for assuring a disaster in California bigger than any earthquake. What a legacy.
More...