Governer's Health Care Budgets To Take A Hit Due To Medicaid

It seems like President Obama is tilling to allow states on choosing their own Health Insurance Laws. But the big question is what about the Medicaid Costs?

Governers from all over the state have been asking Mr. president to allow them to losen up on Costly Medicaid Setups. This might as wel cross an estimated $125 billion budget gap for fiscal 2012, which starts July 1 in most states.

Medicaid is having an adverse affect on already suffering US economy and ever 1 in 5 American is destined to enroll for Medicaid. Further CNN reported that Medicaid might expand to 6.1% during current fiscal year.

There is still no common agreement on who deserves to get Medicaid and who doesnt. The Federal Stimulus program made it necessary that Americans maintain their eigibility guidelines if they wanted to receive enhanced federal funding for the program. That money is running out this year.

Now, the health care reform law requires that they continue their Medicaid program essentially as is through 2014 for adults and 2019 for children in order to receive any federal funding for it.

"Medicaid's growth is out of control," New Jersey Gov. Chris Christie said in his budget address last week. "States desperately need relief from that unfunded federal mandate."

US Health Insurance Planning for Americans might take a big hit if Obama does not looks into this matter at the earliest.

How to fix a budget crisis? By lowering down the Taxes, Ofcourse!

States spend more on Medicaid than on any other program other than education. The health insurance program eats up about 16% of Governer's budgets, according to the Kaiser Family Foundation.