President Obama’s health care law was projected to spend $898 billion over ten years when it was passed. That price tag largely masked the true ten-year cost because of the delayed implementation of the law, and the CBO revised its cost estimate in 2013 to show that the law will spend $1.85 trillion in the next ten years.
But, that’s a conservative estimate. Here’s one of the problems that exemplifies Obama’s idiocy. It’s the pre-existing clause……
One of Obamacare’s provisions, the Pre-Existing Condition Insurance Plan, has nearly run out of its $5 billion budget, and HHS Secretary Sebelius has proposed that the states that run the administration of the program find a way to pay for it themselves.
The root of the problem is that the federal health care law capped spending on the program at $5 billion, and the money is running out because the
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