Posts Tagged ‘Obamacare’
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The map above indicates the net loss of federal funds by 2022, in millions, for the 20 states choosing not to participate in Medicaid expansion, assuming all other states participate.
As the Huffington Post explains,
Following a 2012 Supreme Court ruling that made Medicaid expansion under the Affordable Care Act optional for states, 20 states have opted out of the reform, rejecting billions of dollars of federal funding for low-income residents. Texas and Florida will lose more than $9 billion and $5 billion, respectively.
See, also, Al Madrigal’s lambasting of the states that rejected expanded Medicaid coverage under the Affordable Care Act.
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We’re all betting on the success of Obamacare to expand people’s access to decent, affordable healthcare. Apparently, for quite different reasons, so are investors [ht: sm].
“A new online broker, Motif Investing, is offering Obamacare’s friends and foes alike a chance to put their money where their mouth is. Co-founded by a former Microsoft executive, Hardeep Walia, and backed by Goldman Sachs and other investors, Motif allows customers to bet on narrowly tailored concepts.”
“Two of the hottest motifs right now are Obamacare and repeal Obamacare.”
“What’s most striking isn’t the performance of the two funds, but where investors are choosing to place their money … One is clearly more popular: … Motif investors have bet 45 times more money on Obamacare’s success than on its failure.”