WASHINGTON – Cost estimates for a key part of President Obama's health care overhaul law have ballooned by $111 billion from last year's budget, and a senior Republican lawmaker on Friday demanded an explanation.
House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated ten-year cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent.
Administration officials say the explanation lies in budget technicalities and that there are no significant changes in the program.
At issue are subsidies that will be provided under the health care law to help middle class people buy private coverage in new state insurance markets that will open for business in 2014.
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3 comments:
Just the beginning!!!
Is anyone really surprized?
After the dumbocrats used every accouting trick and GAO manuver to ram through this Obamanation of a law with back room deals and handouts to specific senators. Why would you be surprized?
Like 8:07 said. This is just the beginning of how they miscalculater the cost.
Our only hope is this bill being repealed.Ask anybody that lives in Canada how their plan is working.Canadians with enough money buy health insurance in the States so they can have access to specialists.
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