Tuesday, July 9, 2013

Train Wreck: ObamaCare Runs Out Of Money Before It Launches

weaselzippers again;
Train Wreck: ObamaCare Runs Out Of Money Before It Launches

And things will only get worse.
Via Fox News:
The cost of subsidies for those seeking government aid through ObamaCare has increased dramatically, critics say – even before a single dollar has been collected.
Republican Sen. Orrin Hatch of Utah wrote a letter to the administration asking why the president is already requesting 107 percent more than three years ago to pay for subsidies.
“They low-balled everything, and they knew they were not asking for enough money to actually do this,” John Goodman of the National Center for Policy Analysis said. ”And so now they are coming along saying: ‘Oh, we’ve just discovered we don’t have enough money’.  They should’ve known that from day one.”
“I don’t think most of America will be shocked that a government project is coming in over budget,” Jim Capretta of the American Enterprise Institute said. “It’s the typical story and so yeah it’s probably happening in this case as well.”
The  remarks followed by days the administration’s announcement it was easing requirements on those seeking government aid through ObamaCare, making it easier to apply for subsidies.
Keep reading…

Thank You Zip and Fox News.

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