In response to:

Ouch! Decade of Obamacare Will Cost $1,160 billion

AlsoSprachGideon Wrote: Apr 16, 2012 12:08 PM
The extra trillion or so you are talking about is already being spent via taxes and inflated insurance premiums to pay for the medical care of he uninsured. I would have preferred a single payer system for everybody. Minimizes bureaucracy. Larger the umbrella he more efficient, he insurance people tell us.
BK22 Wrote: Apr 16, 2012 12:49 PM
Minimizes bureaucracy. Larger the umbrella he more efficient, he insurance people tell us.
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Except when the government handles it.....then all bets are off and a 90% chance it will either fail or be woefully over budget.

How much will Obamacare -- call it the Patient Protection and Affordable Care Act if you like -- cost over the next 10 years?

More than you've been led to believe, reports Charles Blahous of George Mason University's Mercatus Center. To be specific, he projects it will add $1,160 billion to net federal spending over the next 10 years and at least $340 billion to federal budget deficits in that time.

Blahous was appointed by Barack Obama as one of two public trustees of the Social Security and Medicare programs. He worked on these issues in George W. Bush's...