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Monday, March 05, 2012

Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B

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.

The revised numbers, buried deep in the president's budget, stumped lawmakers and some administration officials for most of the week. At a congressional hearing Tuesday, Health and Human Services Secretary Kathleen Sebelius, who is in charge of carrying out the health care law, indicated she was unaware of the changes.

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:

Anonymous said...

Just the beginning!!!

Anonymous said...

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.

Anonymous said...

Our only hope is this bill being repealed.Ask anybody that lives in Canada how their plan is working.Canadians with enough money buy health insurance in the States so they can have access to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.