Surprise! Obamacare Much More Expensive Than Previously Estimated

undo obamacare Surprise! Obamacare Much More Expensive Than Previously Estimated

Cost estimates for a key part of President Barack Obama’s health care overhaul law have ballooned by $111 billion from last year’s budget, and a senior Republican lawmaker on Friday demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent for an eight-year period, from 2014-2021.

Administration officials say the explanation lies in budget technicalities and that there are no significant changes in the program.

Cost estimates for new government programs can be wide off the mark. For example, the actual cost of President George W. Bush’s Medicare prescription drug benefit came in lower than estimated, so it wasn’t as big a drag on federal finances as initially forecast.

Read more at Official Wire. By Ricardo Alonso-Zaldivar, AP.

Related posts:

  1. Meet The ObamaCare Mandate Committee Offended by President Obama’s decision to force health insurers to…
  2. ‘Obamacare’ Cops: $1 Billion To Force New Tax Compliance Collecting taxes under the Democrats’ newly passed health-care plan will…

"Loophole" from Obama's IRS: Protect your IRA or 401(k) with gold and silver... click here to get a NO-COST Info Guide >

Comments

  1. Edwardkoziol says:

    What surprize,we were warned that this would happen and even that rich idiot Pelosi said we have to pas Obuma care to see how bad we will get screwed and not the way that girl Ms puke testified before congress that she couldn't afford all the condoms she needed because she liked to screw her brains out.

Speak Your Mind

*