Page 4 - Cost Shift News Today

Medicaid program, yes or no? i think there are going to be some states for ideological reasons -- >> you had 26 states who went to court to challenge the presidents affordable health care. >> some people were ideological reasons who say, no, were not expanding medicaid. if you look at the economics, the congressional budget office did a report inúslptember 2009 that said, look, for most states this is going to be a bargain and ill tell you why. right now theyre paying for uncompensated care for...

For the country. already, billions and billions of dollars have been spent. and it would be a tremendous shock to obam ai think, and a tremendous negative, because he devoted almost his entire presidency, if you think about tto obamacare. but obamacare is very, very bad for the country and very, very bad for business. there is no question about it. >> greta: well, the numbers we hear are 30, 40 million without helt insurance, if they need health care, they go to the hospital, somebody 56 up the ...

For the country. already, billions and billions of dollars have been spent. and it would be a tremendous shock to obam ai think, and a tremendous negative, because he devoted almost his entire presidency, if you think about tto obamacare. but obamacare is very, very bad for the country and very, very bad for business. there is no question about it. >> greta: well, the numbers we hear are 30, 40 million without helt insurance, if they need health care, they go to the hospital, somebody 56 up the ...

Thus prices will not drop until we hit the magical barrier. >> reporter: when you see the price of crude oil peak as it did yesterday over $105 a barrel, it takes about a week until that cost shift end up here at the pump. patti ann: and, mike, as we mentioned small businesses take it especially hard. >> reporter: you know any business linked to transportation, which kind of is all of them, is going to have a hard time but we were looking at the food service industry. you regularly priced food s...

Would pay 70%. that does save the federal government money, but it isnt saving money just a cost shift on to families and no reason to think those families could handle it. >> real quickly, ari, the other big fight over taxes. >> you have this idea circulating today that the president is going to talk about raising taxes on some of those multi-millionaire earners that were spared in the bush years in a speech out this wednesday. the other point, were just not talking about normal negotiating her...

Charges. the doctor passes on some of those additional costs to everybody else and that raises everybody elses rates. >> mike: governor rendell thats a concern many have. it is a cost shift, let me commend you. in pennsylvania you have done something already expanding health care access to many people in pennsylvania and youve done it with the innovation of having co-pays and deductibles. thats the kind of medicaid reform that i personally think is the way it ought to go. this particular bill do...

About the medicaid program. this bill would cover 100% of medicaid costs to the stays for the first year or two then states start picking up an increaseed share. how does that affect your state budget? not so much while you are still governor, but for the next guy? >> between now and the year 2019 it will cost 62 million dollars. after that it will cost us 32 million dollars per year. but thats not the biggest cost. the biggest cost is to the people that arent on medicaid, who have health insura...

Increaseed share. how does that affect your state budget? not so much while you are still governor, but for the next guy? >> between now and the year 2019 it will cost 62 million dollars. after that it will cost us 32 million dollars per year. but thats not the biggest cost. the biggest cost is to the people that arent on medicaid, who have health insurance or who are individual payers of their own health care costs. those individuals will receive the cost, medicaid only pays between 50 and 52% ...

Increaseed share. how does that affect your state budget? not so much while you are still governor, but for the next guy? >> between now and the year 2019 it will cost 62 million dollars. after that it will cost us 32 million dollars per year. but thats not the biggest cost. the biggest cost is to the people that arent on medicaid, who have health insurance or who are individual payers of their own health care costs. those individuals will receive the cost, medicaid only pays between 50 and 52% ...

States that 31 states who took the medicaid expansion, advantage of obamacares medicaid expansion. one of those is the great state of arkansas. and arkansas governor esa hutchison is joining me. thanks for joining us. >> its really good to be with you today. >> so paul ryan is encouraged from what he sees in this congressional budget office report. are you encouraged? >> well, i was concerned before the cbo report came out, and im concerned about a cost shift to the states. and if youre looking ...