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Detailed text transcripts for TV channel - FOXNEWS - 20110322:22:22:00

21% of shave s budget right now virginia s budget right now. it used to be 5% a couple of decades ago. medicaid for virginia has grown 1600% in the last 27 years. he says the new healthcare law will push it up to 28% of the budget. in texas, it will be even worse when the medicaid expansion hits in 2014. it will be 46.6% of the entire state budget. that means that we re spending nearly 50% of our state s budget on the one program. leading the state with ugly choices, either cut program such as education or raise taxes. we can t print money, we can t go on the massive unsustainable debt like the federal government is doing. the cost of medicaid is shared by the states and washington, but for the first few years of the expansion, the fed s pick up the tab. 100% of the cost of the newly eligible medicaid recipients for period of three years and gradually that cost-sharing decreases to a ....

Healthcare Law , State Budget , Medicaid Expansion Hits , 46 6 , Chief Washington ,

Detailed text transcripts for TV channel - FOXNEWS - 20110323:08:22:00

Right now. it used to be 5% a couple of decades ago. medicaid for virginia has grown 1600% in the last 27 years. he says the new healthcare law will push it up to 28% of the budget. in texas, it will be even worse when the medicaid expansion hits in 2014. it will be 46.6% of the entire state budget. that means that we re spending nearly 50% of our state s budget on the one program. leading the state with ugly choices, either cut program such as education or raise taxes. we can t print money, we can t go on the massive unsustainable debt like the federal government is doing. the cost of medicaid is shared by the states and washington, but for the first few years of the expansion, the fed s pick up the tab. 100% of the cost of the newly eligible medicaid recipients for period of three years and gradually that cost-sharing decreases to a high of 90/10. ....

Healthcare Law , State Budget , Medicaid Expansion Hits , 46 6 , Chief Washington , 90 10 ,