Crony Capitalism. #Jindalized
Louisiana Secretary of State Tom Schedler and former Secretary of the Department of Health and Hospitals (DHH) David Hood recently expressed their surprise that the Medicaid Trust Fund for the Elderly has shrunk from $830 million to $410 million under the administration of Gov. Bobby Jindal.
The fund balance is expected to drop to $250 million or less by the end of the current fiscal year (June 30, 2014) and at the present rate of depletion, could be gone in its entirety by the end of Jindal’s term of office, leaving the next governor with having to close a huge health care financing gap.
Schedler and Hood shouldn’t be surprised. In fact, by now they should expect no less from Jindal who, despite his 2003 campaign promises to the contrary, has consistently dipped into one-time money to pay recurring expenses in an effort to plug gaping deficit holes in the…
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