ObamaCare Is Robbing Medicaid’s Sickest Patients
The law’s incentives push states to spend more on new enrollees, and less on the disabled and ill.
ObamaCare made it more difficult for health insurers to turn a profit on individual plans, since it prohibited them from charging consumers more based on their medical risks. But the law also created a huge growth opportunity for insurers: Medicaid.
Over the past decade, federal and state spending on Medicaid has nearly doubled to $570 billion—roughly as much as the revenues of United Health, CVS, Anthem, Aetna and Humana put together. California alone will spend nearly $100 billion on Medicaid this year.
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