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Way, Way Over Budget: ObamaCare Subsidies

Way, Way Over Budget: ObamaCare Subsidies
Posted Wednesday, June 18th 2014 @ 1pm  by Kevin Spak, Newser Staff

(NEWSER) – ObamaCare appears to be on pace to cost the federal government a lot more than it was counting on. So far, the government is on pace to sink $11 billion into subsidies for consumers who bought coverage on the federal insurance exchange, according to a new report from the Department of Health and Human Services. If things are going similarly for state-run exchanges, the total subsidy bill could be $16.5 billion, the LA Times estimates—the Congressional Budget Office had predicted a cost of just $10 billion.

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