Tuesday, May 18, 2010

Obama Care Will Cost Virginia $1.5 Billion

No Sign of Relief in Sight for Health Care

The McDonnell administration recently increased its estimate for Virginia's cost of President Obama's health care overhaul to about $1.5 billion through 2022. This estimate is roughly a $400 million bump from the governor's previous assessment.

With the increased cost of federal mandated health care, it appears that Democrats will do anything to slice and dice the budget in years to come, to ensure that health care finds its way to every Virginian’s door step. It does not take an expert to point out the flaws in this financial burden on Virginia. This $400 million bump will provide no new helpful measures, just harmful mistakes.

The McDonnell administration, along with the House of Delegates, already crafted a successful budget which looks to fiscally tackle the budget shortfall while stimulating the economy. The GOP-controlled House was adamant throughout session with keeping spending in check, most notably with implementing a real structural reform that will continue to control spending in the future. However, all the hard work by the General Assembly seems to be over-shadowed by the looming health care crisis that will cost Virginians over $1.5 billion in the near future.

Obama’s health care will hurt Virginians more than the current economy.

Read more at the Washington Examiner:

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