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Author Topic: New Health Care Bill Guaranteed to Bust State Budgets  (Read 1613 times)

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New Health Care Bill Guaranteed to Bust State Budgets
« on: March 23, 2010, 09:16:25 PM »

March 23 (Bloomberg) -- President Barack Obama faces a fight over the health-care overhaul from states that sued today because the legislation’s expansion of Medicaid imposes a fiscal strain on their cash-strapped budgets. Read more...

 http://www.bloomberg.com/apps/news?pid=20601087&sid=ajwSWE6H1kHM


After reading that article, it's safe to assume that the added costs into state budgets is just going to compound the problems even more for states that has budget deficits in the millions.

At some point you have to ask yourself...was this health care reform desperately needed, right now?

Some drastic things are coming soon that would be hard to ignore, knowing that so many have had decreased earnings over the past couple years. At some point things start to head south and that is when the house of cards start to fall.

Kentucky is one of those in crisis, but they recently enacted some bills that take a hard swipe at business owners, forcing the little guy to support the downfall.

It's going to be incorporated into another cost of "doing business" but it really starts to break down the big picture of what it costs to run a business against profitability.  :sign0085:         
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