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Politics : Formerly About Advanced Micro Devices

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FJB

To: FJB who wrote (860242)	5/27/2015 2:28:41 PM
From: joseffy	1 Recommendation of 1572927

Obamacare's big overhead costs to top $270B ................................................................................................................ CNBC ^ \| May 27, 2015 \| by Dan Mangan That sure is a lot of paper clips. Obamacare is set to add more than a quarter-of-a-trillion—that's trillion—dollars in extra insurance administrative costs to the U.S. health-care system, according to a new report out Wednesday. The $273.6 billion in additional insurance overhead represents an average of of $1,375 per newly insured person, per year, from 2012 through 2022. The overhead cost equals a whopping 22.5 percent of the total estimated $2.76 trillion in all federal government spending for the Affordable Care Act programs during that time, the authors of the report in the journal Health Affairs noted. In contrast, the federal government's traditional Medicare program has overhead of just 2 percent, according to the report. (Excerpt) Read more at cnbc.com ...

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