Monday, October 06, 2014

Obamacare Costing Taxpayers $10,000 Per Insured Person - And Counting

Obamacare Costing Taxpayers $10,000 Per Insured Person - And Counting > IPI Issues > Institute for Policy Innovation:
"Health coverage was never so costly until President Obama decided to make it “affordable.”
Bloomberg News has tallied up the total cost to taxpayers of Obamacare so far: $73 billion and counting.
What Bloomberg didn’t do is compare that cost to the government’s latest estimate of the number of people who have obtained Obamacare coverage: 7.3 million, and possibly falling.
That means taxpayers have shelled out $10,000 per insured person.
Only a relatively small portion of that $73 billion went for actual subsidies to help people afford coverage, according to Bloomberg.
The large majority of the money was spent on health IT, exchange grants to get the state websites up and running, and contractor spending.
Most of those outlays have been miserable failures.

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