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Obama Expects States to Pick Up Obamacare Tab

DrawThe_Line Wrote: May 04, 2013 3:49 PM
The act that would not add one dime to the deficit (Obamas words) now has costs spiraling out of control, and they want more money. Even dem legislators are backpeddeling. Can't thank you enough president zero.....

President Obama's health care law was projected to spend $898 billion over ten years when it was passed. That price tag largely masked the true ten-year cost because of the delayed implementation of the law, and the CBO revised its cost estimate in 2013 to show that the law will spend $1.85 trillion in the next ten years.

Obamacare is already experiencing cost overruns, and the Obama Administration expects the states to pick up the tab.

One of Obamacare's provisions, the Pre-Existing Condition Insurance Plan, has nearly run out of its $5 billion budget, and HHS Secretary Sebelius...