Less than two months following the passage of the health care law, a report issued Wednesday by Indiana's Family and Social Services Administration sheds new light on the legislation's impact for the state. According to the report, the total fiscal impact to the State of Indiana over the next 10 years is estimated to be nearly $3.6 billion -- up from a previous estimate of $2.3 billion. Additional costs for the state's next two-year budget alone could be as high as $110 million despite the overhaul not taking full effect until 2014.
This report comes on the heels of a Department of Health and Human Services report released two weeks ago that the new health care law would also increase overall national health care expenditures by $311 billion over the next decade.
"The drumbeat of bad news and gloomy statistics resulting from the health care law is unfortunately going to continue," said Republican 2nd Congressional District Candidate Jackie Walorski. "Despite the assurances of Democratic leaders including Rep. Donnelly that the law would be deficit neutral, improve quality of care and drive down costs, these recent reports now confirm what most Hoosiers have feared all along. We knew this couldn't be done without shifting significant financial burdens onto the state -- burdens that will inevitably lead to significant tax increases for middle income families in northern Indiana."