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Saturday, October 20 2012, 01:52 PM CDT
Hungry TennCare eating more of state budget
May 24, 2013 16:56 GMT
JACKSON, Tenn. (AP) -- State Treasurer David Lillard says expanding health care costs could absorb funding the state used to spend on other needs.
The Jackson Sun (http://bit.ly/16eqTpT ) reported Lillard talked about the potential impact of the Affordable Care Act on Tennessee finances as he spoke to the West Tennessee Association of Health Underwriters on Thursday.
Lillard noted the state budget that goes into effect July 1 contains $391 million in new revenue and more than $300 million of that will be consumed by TennCare.
Lillard said support for higher education could further erode as a result. In 1990, state revenue funded more than half the cost of state universities. That percentage has already declined to about 38 percent and could be further reduced.
Information from: The Jackson Sun, http://www.jacksonsun.com
Asia stocks extend losses after big sell-off
BANGKOK (AP) -- Asian stocks continued to retreat today after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.