According to Senator Mary Landrieu (D-LA), her state pays 70% of all costs associated with Medicare in the state. While this is the only state I have figures for, it is to be assumed that all states pay similar rates (it’s based on state GDP).
With the addition of yet another entitlement program, stacking on top of the costs for various Medi-programs in the states, what will the states have to do to accommodate this? They have already, and will continue to, cut funding for Higher Education and everything else that is state funded. This will force Universities and Colleges to raise prices.
If you're a college student or are supporting a college student, this immediately affects you. Even without this bill, Northwest Missouri State University (where I go) will be forced to raise Housing costs 3% next year and Meal Plan cost 5% due to rising costs and lowered funding.
Because of this bill, this trend will continue.
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