The dreaded Obamacare is in the news again. This one is about how it’s going to hit us all in the wallet even more than anticipated. The cost to set up the exchanges is going to be more than double what they estimated. What a shock.
Setting up the central piece of President Obama’s healthcare law has cost the administration more than twice as much as originally intended.
The Health and Human Services Department (HHS) said in budget documents Wednesday that it expects to spend $4.4 billion by the end of this year on grants to help states set up new insurance exchanges. HHS had estimated last year that the grants would cost $2 billion.
The department also is asking Congress for another $1.5 billion to help set up federally run exchanges in states that do not establish their own. (Read More)