Oops. From Bloomberg News:
Costs for a network of health-insurance exchanges, a core part of the Affordable Care Act, have swelled to $4.4 billion for fiscal 2012 and 2013 combined, and will reach $5.7 billion in 2014, according to the budget President Barack Obama yesterday sent to Congress. That spending would be more than double initial projections, even though less than half the 50 U.S. states are participating.
The unanticipated spending is a consequence of an ambitious timetable dictated by Congress and a complex new way of offering people medical coverage, say analysts, lobbyists and administration officials. Combine that with a majority of Republican governors declining to cooperate with a Democratic president and U.S. regulators are left grasping to get the 2010 health law up and running by a Jan. 1, 2014, deadline.
Looks like the Obama people misunderestimated!
But don’t worry, Obamacare is still going to reduce the cost of medicine by “bending the curve,” or something. And it will let you keep you doctor, and reduce insurance premiums.
AND IT WILL MAKE MONKEYS JUMP OUT OF MY NOSE . . . .
See, this is what happens when you wait until after passage to read what’s in the bill. Congress trusted, but it didn’t verify . . .