Vermont will meet the Red Queen

Vermont is in the grip of a mental malfunction leading to a complete failure of the State. One only needs to look at Venezuela to see the folly of the path Vermont is on with their choices.

Vermont’s reliance on Uncle Sam looms large in Obamacare replacement plan

This article is found here in it’s entirety.

Due to an increasing reliance on federal taxpayer dollars to fund everything from food stamps and transportation to health care, Vermont now faces a conundrum: the state could lose $200 million from Medicaid’s federal matching grant, based on what changes happen to Obamacare at the federal level.

At a time when streamlining government is gaining attention at the state and federal level, Gov. Phil Scott is sounding more like a Democrat than a Republican, at least when it comes to expecting federal help to fund a large portion of state health care. [snip]

Tough choices

But most U.S. House Republicans don’t view the current plan to fix Obamacare as a missed opportunity. “There’s not everything we’d like to have in the first phase … (but) we’re not going to sit back, because Obamacare is failing. Now is the time to act,” said Rep. Kevin McCarthy, R-Calif., House majority leader, at a Washington news conference last week. [snip]

Since this was written it now looks as if Ryan’s bill will not get out of the House. Ryan caved to the insurance companies and crafted his bill to be ObamaCare Lite. It has a very thin time of it in the Senate too.

The graying of Vermont

Vermont officials also expressed concern over tax credits included in the Obamacare replacement package. Instead of allocating federal tax credits based on income, the plan would instead reimburse by age. Some 22,000 Vermonters on independent plans could be affected by age-rating proposals.

According to Mary Kate Mohlman, director of health care reform, Vermonters currently receive between $95 million and $100 million in income-based federal subsidies. Moving to an age-determined system means Vermonters would receive $80 million and $95 million. For individuals making less than $20,000, credits drop between $1,000 and $3,000, depending on a person’s age. However, the plan also expands subsidies to benefit persons making less than $75,000, who had previously not been eligible for benefits under Obamacare.

Republican supporters say their party’s measures will result in lower costs for healthy, younger people, and encourage them to participate and thus help carry along older, low-income individuals. A lack of healthy young people paying into the Obamacare system is a main driver of spiking premiums over the past several years.

Despite Gobeille’s sense of alarm, he said state lawmakers have to wait to see how details of the replacement plan play out before deciding whether or not to pursue an all-payer model, which would be an expansion of the Medicaid agreement to Medicare and private insurers.

Republican lawmakers in Washington have promised freedoms such as allowing patients to buy insurance across state lines. Such Initiatives could help lower costs by increasing free-market competition.


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