Monday, November 26, 2012

Obama health care law beneficial to the States

Pro-Obamacare demostrators lobbying outside the U.S. Supreme Court. PHOTO/Carolyn Kaster/Associated Press

A new report says states can receive more than US$9 in federal money for every dollar they spend to cover low-income residents under President Barack Obama’s health care law.

Expanding Medicaid to cover about 20 million more low-income people will cost a total of more than US$1 trillion from 2013 to 2022, the report estimates. But states will pay just US$76 billion of that, or

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