September 17, 2014

ObamaCare Subsidy Costs Will Soar in Coming Years

When selling ObamaCare in 2009 and 2010, Democrats specifically designed the law to bring in revenue years before money was spent. The goal was to be able to claim the price tag would be less than $1 trillion over 10 years. We didn’t buy it then, and time has proven our disbelief correct. Now it seems every time we turn around, the price of ObamaCare is going up. CNSNews.com reports, “The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the latest budget estimate from the Congressional Budget Office.” Not only that, “Medicaid spending will double in the first ten years of full implementation of Obamacare, according to the CBO estimates.” We suppose that’s just the price of finding out what’s in it. More…

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