http://www.americanthinker.com/blog/2009/12/the_hidden_costs_of_obamacare.html
December 24, 2009
The hidden costs of Obamacare
Phil Marshall
*** begin quote ***
Let’s take a look using New Jersey as an example.
According to State Health Facts.org , New Jersey has 935,500 total Medicaid recipients at a cost of 7.3 billion dollars. The state’s share is 3.65 billion. The state cost per recipient is $3,904.00.
New Jersey accounts for 1.6% of all US Medicaid recipients. If the reported 15 million are added to Medicaid nationwide, New Jersey’s 1.6% of that total would be 240,000. Multiply 240,000 by $3904.00 and ObamaCare adds 937 million dollars to the New Jersey State Budget. New Jersey will be forced to either raise taxes or make additional budgets cuts.
*** end quote ***
Given the state of NJ’s budget, there’s no way that NJ can come up with 937M$
# # # # #
Reinke Faces Life 