The Democrat California insurance commissioner warns that ObamaCare could be disastrous to the state: “We can have a real
disaster on our hands,” David Jones, the commissioner, told the Associated
Press earlier this week.
Understand that the radical social justice crowd in
California, is about to add 5.3 million to its Medcaid rolls, in an
effort to cover those who have no insurance in that state. Also, you should know that half of these folks will be given federal monies to help cover the cost,
sending the state program further and further into debt.
And what does this mean for the State of California? Taxes will have to be raised to cover this cost, of course. Still, after
all is said and done, the program will never pay for itself nor will it
ever entertain a balance to its income/expense ledger. Democrats do not
believe such is necessary, nor do they understand that increased taxation robs the economy of capital for private sector growth and investments.
California is one of only 17 states that have agreed to fully support ObamaCare and use state money to set up the federally mandated exchanges demanded by the new law. 33 states have refused the state exchange mandate arguing that they cannot afford the expense, nor, do they trust Central Planning in its promises to reimburse the states for their expenses.
California is one of only 17 states that have agreed to fully support ObamaCare and use state money to set up the federally mandated exchanges demanded by the new law. 33 states have refused the state exchange mandate arguing that they cannot afford the expense, nor, do they trust Central Planning in its promises to reimburse the states for their expenses.
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