Thursday, December 20, 2012

Colorado "Wins" Medicaid Lottery

Congratulations, Colorado! You've put so many kids on Medicaid we're giving you $43 million.

Colorado won a $43 million bonus from federal Medicaid officials Wednesday as reward for enrolling more children in the insurance program, the largest of awards to 23 states.

Is this really a prise Coloradans want to win? The Denver Post tries to spin this as a great thing. "The bonuses help mark a turnaround for Colorado's benefits administration," they say. What it means, however, is that Colorado's economy still sucks. It's not going to get much better with the new ObamaCare taxes and minimum wage hikes coming down the pike.

I would be best if the government would get out of the way and let the business community recover.