The ACA, ultimately, placed the states that accepted the expansion into what is known as “golden handcuffs” as these states would now have to rely on the federal government to meet their budgets when it comes to Medicaid health costs.
A repeal of the current law may just place these states in utter turmoil as many of them, like California, may not be prepared to handle the costs of Medicaid due to increased enrollment.
SIDEBAR/GRAPHIC SUPPORT
A breakdown of the states, according to Obamacare Facts, that did and did not accept the Medicaid expansion and the percentage of increase in enrollment from 2013 to 2016:
Dan McGrath, co-founder of Jester Financial Technologies, is a visionary entrepreneur educating communities—professional and consumer alike—about the impact of planning for health care costs in retirement. He launched Jester Financial Technologies to arm financial advisors and investment professionals with related cost calculation and forecast tools. A noted expert on Medicare issues, he’s a regular press commentator as well as author of several books, including What You Don’t Know About Retirement Will Hurt You! Please visit www.Jesterfinancial.com for more information.