The $450 Billion Glitch: 3 Million Extra Middle-Class Americans Eligible for Medicaid Benefits

The $450 Billion Glitch: 3 Million Extra Middle-Class Americans Eligible for Medicaid Benefits: "Wow. Philip Klein points us to this AP story, in which Richard Foster, Chief Actuary of the Centers for Medicare and Medicaid Services, says that, due to a glitch in Obamacare, married couples of early retirees making around $64,000 a year will become eligible for Medicaid. According to Foster, as many as 3 million Americans will qualify for the benefit. It’s “a twist government number crunchers say they discovered only after the complex bill was signed.”

If we do a back-of-the-envelope calculation, in which the average annual Medicaid expenditure per early retiree is $15,000 per year, the ten-year cost of this glitch could be as high as $450 billion.

(Excerpt) Read more at blogs.forbes.com ..."