Image: Muffet under CC 3.0
According to an independent estimate, the Obama administration’s healthcare reform law will cost the state of Indiana nearly $3 billion!
The 10-year figure is below initial estimates, which assumed a “worst-case scenario” in which 100% of those newly eligible for Medicaid signed up. (In reality, there have always been some who don’t.) However, it is still extremely expensive for the cash-strapped state.
Republican Governor Mitch Daniels fears that the Indiana health insurance mandate will burden the state and force it to either cut services or raise taxes. It may also cause companies to drop private employer-sponsored health insurance.