- Obamacare likely to cost $300 billion more than thought – Congressional Budget Office (RT, Oct 14, 2014):
The real cost of Obamacare will be hundreds of billions of dollars more than expected, Republican members of the Senate Budget Committee now say, and will greatly increase the federal deficit during the next decade.
Contrary to claims made by the White House, United States President Barack Obama’s hallmark health care plan will actually have a tremendous toll on the government, GOP members of the SBC committee allege in a new report.
According to an analysis of data received by the Congressional Budget Office, Senate Republican say so-called Obamacare won’t reduce the federal budget deficit by $180 billion by 2019 as predicted, but will actually set the US back another $131 billion in the hole. Continue reading »