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Friday, March 2, 2012

White House Quietly Increases Budget for Obamacare's Exchange Subsidies by $111 Billion - Forbes

White House Quietly Increases Budget for Obamacare's Exchange Subsidies by $111 Billion - Forbes: "I’ve written extensively about how the most fiscally dangerous aspect of Obamacare is its creation of a new entitlement for subsidized private insurance, through the law’s state-based exchanges. If employers dump many of their workers onto the exchanges, as numerous independent analyses suggest is likely, taxpayers may need to spend as much as $200 billion a year extra on these exchange subsidies. Well, it turns out that the Obama Administration agrees that initial spending estimates are too low. The White House’s fiscal year 2013 budget adds $111 billion in exchange spending between 2014 and 2021, with even more spending to come in future years."

Here it is... the change that we have been waiting for, or at least knew would happen.

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