State’s Medicaid health insurance costs and Obamacare

Texas Republican Governor Rick Perry recently described the state’s Medicaid costs as a “ticking time bomb” that will threaten the state’s finances even more unless President Obama’s health care law is struck down by the U.S. Supreme Court or repealed by Congress. According to calculations by The Heritage Foundation based on data from the Centers for Medicare and Medicaid Services (CMS), Texas’s Medicaid population will increase by 56.7 percent in 2014 under Obama’s law. That…