Page 7 - Cost Shift News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 president's affordable health care. >> some people were ideological reasons who say, no, we're 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 i'll tell you why. right now they're paying for uncompensated care for people who don't have insurance. >> could not be more expensive going into the e.r. >> and also...

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 freight. in some ways tseems like the health care law is a cost shift. trying to create more respons...

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 freight. in some ways tseems like the health care law is a cost shift. trying to create more respons...

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 service industry, restaurants don't have the ability to shift that cost onto the consumer. we were lo...

Would pay 70%. that does save the federal government money, but it isn't 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, we're just not talking about normal negotiating here. we're talking about threats that everyone agrees debt ceilings would have serious consequences ...