Here it comes… who didn’t realize that taxes would be a result of the horrendous health care law they recently passed? Tax paying citizens can only pay so much before their budget is spread so thin that it snaps… that snap is on the horizon, while the state is currently solvent this fact will become mute as million dollar burdens are hoisted on the backs of Hoosiers. And Pete Visclosky, the pay-to-play transient resident from Indiana can take the blame for his part in all this.
INDIANAPOLIS | While the most costly provisions of federal health reform won’t take effect until 2014, state officials determined Indiana’s budget will pay a price starting this summer.
That’s because the new health law takes money from prescription drug rebates currently paid to state Medicaid programs and redirects those funds to the federal government.
As a result, Indiana will lose $25 million during the 2011 budget year, which begins in July, and as much as $400 million during the next decade, said Anne W. Murphy, secretary of the Indiana Family and Social Services Administration. (emphasis mine)