Even as states contemplate how to pay for retirement credits already earned by government workers, state budgets are groaning under Medicaid, which promises to get bigger under the Affordable Care Act. I discuss this issue on Fox Business Network this morning. It's worth pondering the squeeze that Medicaid is already providing on state budgets as expressed in this National Governors Association report which projects average annual gains of more than 8 percent a year in Medicaid over the next 10 years.
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