Medical Debt

In 2010, Congress passed the Affordable Care Act (aka, “Obamacare”) and President Obama signed it into law.  One of the main provisions related to Medicaid.  This is a program that provides medical insurance for people with incomes at or below 138% of the poverty line.  It is a joint program between the federal government and each state, with the feds matching state expenditures dollar for dollar. However, in 2014, the year that Obamacare was implemented, the federal government began to pay 100% of the cost of new Medicaid enrollees in states that accepted the new benefit.  States that embraced the…

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