Enormous financial shortfall coming to Michigan in a year and a half!!!-----Medicaid enrollment under ObamaCare soars, raising cost concerns

Medicaid enrollment under ObamaCare soars, raising cost concerns | Fox News
Several states that chose to expand Medicaid eligibility under ObamaCare now are facing deadline pressure to pay for it, the result of more signups than anticipated -- and, a looming reduction in how much of the bill the federal government will cover.
At least seven of the 29 states (and the District of Columbia) that expanded coverage have experienced significantly higher-than-expected enrollment.
The expansion of Medicaid, the government health care program for low-income people, now allows most low-income adults making up to 138 percent of the federal poverty level to qualify.
...The enrollment interest is definitely there -- but so is a ballooning taxpayer bill.
...Right now, federal funds cover 100 percent of the costs through 2016 for people now eligible for insurance through the Medicaid expansion.
...However, the federal commitment decreases to 95 percent in 2017, 94 percent in 2018, 93 percent in 2019 and 90 percent in 2020 and beyond.
...Colorado, Maryland, Michigan and Ohio also have reported enrollment exceeded projections.