Saturday, May 30, 2015

Where does the Obamacare money actually go? While it's supposed to be used to provide people with medical care, Federal data shows 45% of the money was spent on overhead this year.



◼ Overhead costs exploding under ObamaCare, study finds - The Hill via Howard Jarvis Taxpayers Association

The administrative costs for healthcare plans are expected to explode by more than a quarter of a trillion dollars over the next decade, according to a new study published by the Health Affairs blog.

The $270 billion in new costs, for both private insurance companies and government programs, will be “over and above what would have been expected had the law not been enacted,” one of the authors, David Himmelstein, wrote Wednesday.
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