The Fiscal Times
Since Obamacare took effect, roughly 16.5 million more people have gained health insurance. And while the health care law is objectively succeeding in its key goal of expanding access to coverage to millions of Americans, those gains come with enormous costs to taxpayers — including inordinately steep ongoing administrative costs, according to a new study.
The analysis, published in Health Affairs this week, found that Obamacare will add about $273.6 billion in administrative costs between 2014 and 2022, including $172.2 billion in higher private insurance overhead — bringing the total spent on administering government health programs and private insurance overhead to nealry $2.76 trillion for that period.
Thank You Ms Ehly and Fiscal Times