PA Perfect Storm? The Fiscal Cliff, Exchanges and a Pension Crisis
Governor Tom Corbett recently went on Fox Business Network to discuss the looming fiscal cliff. His administration is currently working on two separate budgets for the next fiscal year so they are duly prepared for whatever the outcome may be. This crisis could cost Pennsylvania between 7-8% of its federal money.
During this interview he recognizes we not only have to be concerned about the fiscal cliff, but also the pension obligations (which are severely underfunded). So the question we now have is why would Governor Corbett even consider creating a state based health exchange, which will add an additional burden of between $10 million-$100 million per year?
We continue to urge Governor Corbett to reject Obama’s state based health exchange and let the federal government use their resources to create one instead.