Skip to comments.Obamacare Exchanges Costs Double: $4.4 Billion
Posted on 04/11/2013 9:50:15 AM PDT by SeekAndFind
As a number of Republican governors continue to say no to Obamacare, the U.S. Health and Human Services Department (HHS) on Wednesday acknowledged that the presidents signature healthcare law is racking up twice the costs to set up the all-important insurance exchanges.
HHS more than doubled its previous cost estimate of $2 billion for the amount it expects to spend to help states set up insurance exchanges, which is a central component of Obamacare.
The agency now expects to spend $4.4 billion by the end of the year, reports The Hill.
Despite the projection overruns, the department is "determined to make them work," said HHS Assistant Secretary for Financial Resources Ellen Murray of the exchanges, when asked to comment on the possibility that Congress might deny the funding request, according to the publication.
As Newsmax reported in February, the federal government must play an even bigger role in Obamacare than anticipated because of the health exchanges it must operate for states declining to set up their own.
(Excerpt) Read more at newsmax.com ...
Obama and all who voted for this POS are idiots.
“racking up twice the costs to set up the all-important insurance exchanges.”
And what idiot did not know this would happen?...Oh! that’s right!...All the idiots who voted for the Kenyan Catastrophe!...never mind.
Exactly. I am so thoroughly disgusted. We get we voted for. The people in this country are complete morons. Nancy Pelousy said we had to pass the bill so we could find out was in it. Then the SCOTUS ruled to uphold all of this crap....even though it baltantly violates the 10th Amendment.
What does it matter? Billion...trillion...schmillion??? Print more money...we haven’t run out of paper and ink yet. Happy days are here again!!!!
We’re hardly “Exchanging” personal freedom for “medical security” under this atrocity
That’s $4.4 billion NOW. Wait until the truth comes out.