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Obamacare Exchanges Costs Double: $4.4 Billion
NewsMax ^ | 04/11/2013 | Paul Scicchitano

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 president’s 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 ...


TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: exchanges; guncontrol; obamacare; secondamendment

1 posted on 04/11/2013 9:50:15 AM PDT by SeekAndFind
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To: SeekAndFind

Obama and all who voted for this POS are idiots.


2 posted on 04/11/2013 9:52:35 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!n)
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To: SeekAndFind

“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.


3 posted on 04/11/2013 9:54:47 AM PDT by AngelesCrestHighway
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To: Jim Robinson

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.


4 posted on 04/11/2013 9:57:04 AM PDT by Trapped Behind Enemy Lines
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To: Trapped Behind Enemy Lines

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!!!!


5 posted on 04/11/2013 10:05:58 AM PDT by hal ogen (ll)
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To: SeekAndFind
HHS Secretary Kathleen Sebelius told reporters on Wednesday that the implementation funding is an "ongoing conversation with Congress" and "I'm hoping Congress will see that this is the law of the land.”

Sounds like Congress could just vote not to fund the exchanges set up by the feds.

Fat chance the House won't cave, after they cave on taxes, gun control, and amnesty. I have little hope in them.
6 posted on 04/11/2013 10:43:29 AM PDT by yorkiemom
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To: SeekAndFind

We’re hardly “Exchanging” personal freedom for “medical security” under this atrocity…


7 posted on 04/11/2013 10:43:51 AM PDT by mikrofon (Cradle to grave, emphasis on the latter.)
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To: SeekAndFind

That’s $4.4 billion NOW. Wait until the truth comes out.


8 posted on 04/12/2013 5:52:31 AM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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