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Obamacare exchanges will cost double
Posted By -NO AUTHOR- On 04/11/2013 @ 6:11 pm In Health,Money,Politics | No Comments
(Breitbart) Obamacare critics warned that President Barack Obama’s rosy $2 billion cost estimate for the government’s so-called “insurance exchanges” would likely rise. On Wednesday, they more than doubled.
Health and Human Services Department (HHS) budget documents state that the federal government now expects to spend $4.4 billion this year on state grants to erect the government exchanges for the less than half of the U.S. states who are participating. In 2014, HHS says the cost will jump to $5.7 billion.
In addition to the cost spike, the number of uninsured Americans who will now be covered under Obamacare has fallen once again:
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