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

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

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...