Shocking News: ObamaCare Costing More Than Projected
The L.A. Times (yes, the L.A. Times!) reports: Obamacare subsidies push cost of health law above projections.
The large subsidies for health insurance that helped fuel the successful drive to sign up some 8 million Americans for coverage under the Affordable Care Act may push the cost of the law considerably above current projections, a new federal report indicates.
Nearly 9 in 10 Americans who bought health coverage on the federal government’s healthcare marketplaces received government assistance to offset their premiums.
What’s that you say? A new entitlement that turns out to cost more than promised?!?!?!?!
Raise your hand if you are surprised.
JD, hand out the dunce caps to the people with their hands in the air.
It’s almost as if we were lied to, again.
By our government. My stars.
Patterico (9c670f) — 6/17/2014 @ 7:44 pmBoth hands at my side.
Hoagie (4dfb34) — 6/17/2014 @ 7:58 pmOh, they deserve more than dunce caps.
JD (08d44e) — 6/17/2014 @ 8:00 pmJD, hand out the dunce caps to the people with their hands in the air.
The hell with that. Point a finger in a direction behind them and say, “Oh! Look at that!!” and when they turn around to have a look-see, kick them in their ass so hard they fall flat on their face.
Blacque Jacques Shellacque (9940a5) — 6/17/2014 @ 8:09 pmthat’s the first time I’ve seen “sharelines” like that
I don’t click around as promiscuously as i used to though so this may be one of those things I’m late to the party on
but anyway it’s a great idea i love it even if I don’t never twitter or what have you
happyfeet (8ce051) — 6/17/2014 @ 8:11 pmIn other Obamacare (and IRS) news, many people who are happy with Obamacare are about to get a shock.
http://lonelyconservative.com/2014/06/one-quarter-of-those-receiving-obamacare-subsidies-may-not-be-eligible/
The NYT is so eager to cover for the SCOAMF that they write “the Obama administration” when they should say “The IRS? anad “contacting hundreds of thousands of people with subsidized health insurance to resolve questions” when they should write “will audit hundreds of thousands of people.”
But that would scare the dwindling number of remaining subscribers, so they make it sound like Joe Biden will just be calling around asking a few unobtrusive questions.
Steve57 (d38ceb) — 6/17/2014 @ 8:21 pmWell, fancy that; you didn’t get a subsidy – you got a loan!!
Blacque Jacques Shellacque (9940a5) — 6/17/2014 @ 8:28 pmIt’s questions because they gave projected 2014 income, and government records, of course are for 2012 and 2013.
I spent a lot of time saying this would happen. It’ll really happen when they file their 2014 tax returns.
Sammy Finkelman (59be71) — 6/17/2014 @ 8:29 pmWhat are you on about?
Patterico (9c670f) — 6/17/2014 @ 8:30 pmA lot of people will not their refund in 2015.
That’s when Obama will have to agree to do something about Obamacare.
Sammy Finkelman (59be71) — 6/17/2014 @ 8:31 pmat the link you linkered Mr. P
happyfeet (8ce051) — 6/17/2014 @ 8:37 pmUnpossible I say, what with the bendy cost curve not going up and keeping your doctor and your plan. This is crazy and you’re so pretty but I must tell you that you can’t buy that kind of thingy with the cost curvy bending thingy and Dean, Dean!
Read the above with your Jerry Lewis voice in your head. Makes as much sense as Obamacare.
Ag80 (eb6ffa) — 6/17/2014 @ 8:41 pmI got a dunce cap regardless… hmmm
steveg (794291) — 6/17/2014 @ 8:50 pmOr maybe that is the one I always keep on hand now..
People are astonished that free stuff costs money… blame the Republicans!!! George Bush!!!
Wouldn’t it be ironic if the sickness that this ne’er-do-well incompetent narcissist has spread throughout the land is not covered by ObamaCare?
Colonel Haiku (2601c0) — 6/17/2014 @ 9:00 pmThis is all because the ‘back shop’ isn’t done yet (still), and they’ve been overpaying on the subsidies. When that is straightened out, and they can claw-back the overpayments, everything will be Hunky-Dory, Period!
askeptic (8ecc78) — 6/17/2014 @ 9:16 pmOf course, there may be some push-back from voters over having to give back money they’ve already spent. The Suckers!
If you think it’s expensive now, just wait until he signs up all the illegals he invited across the border.
Dirty Old Man (4ec992) — 6/17/2014 @ 9:32 pmIt is unfair to require these people to pay back what with all the promises Obama made about how cheaper his health care was going to be. Like those with too much student loans, just forget about it.
AZ Bob (533fbc) — 6/17/2014 @ 10:54 pm“sharelines”
if you click the link and go to the slimes, at the top of the page, before the body of the article, there is a header that reads “sharelines”, and below that, what appears to be links to places where people have apparently shared the story on their FB pages…
i didn’t follow any, but the story is right below them, so you need not click on those to RTWT.
hth and someone owes me a taco… 😉
redc1c4 (abd49e) — 6/18/2014 @ 12:04 amIt all started with romney care, what a fricken joke. give me the cap and i’ll go sit in the corner.
mg (31009b) — 6/18/2014 @ 2:39 am17. AZ Bob (533fbc) — 6/17/2014 @ 10:54 pm
It is unfair to require these people to pay back what with all the promises Obama made about how cheaper his health care was going to be. Like those with too much student loans, just forget about it.
There’l almost certainly be an effort in Congress to forgive that, especially since the money is laregely not going to be collected anyway, after the first year or two, as people learn to underwithhold.
Sammy Finkelman (59be71) — 6/18/2014 @ 3:05 amthanks Mr. red
social media is getting so fancy
happyfeet (8ce051) — 6/18/2014 @ 4:02 amBureaucracies, how do they work? As I’ve remarked in numerous post comment sections, bureaucracies are inefficient and prone to corruption and abuse.
Hadoop (f7d5ba) — 6/18/2014 @ 5:03 amWhat makes it even more special is that most of those getting subsidized insurance, ALREADY had insurance. Previously their insurance was paid by their employer and/or themselves. Now the taxpayer is footing the bill. Its a great country.
Mark Johnson (ea2309) — 6/18/2014 @ 8:20 am∅ didn’t really care, that’s why he left it up to congress. He needed a legacy—that was his real concern.
Hadoop (7fc17e) — 6/18/2014 @ 8:34 amUnexpectedly !!!!1!!
Elephant Stone (6a6f37) — 6/18/2014 @ 3:14 pm