Surprise: ObamaCare will cost more than originally estimated

Surprise: ObamaCare will cost more than originally estimated

May 13, 2010 Posted by Tarren Bragdon - No Comments

The Washington Post reports that the 10-year cost of ObamaCare could be $115 billion more than originally estimated (that’s about the price of Greece).  That is if Congress spends the total needed to actually implement the law.  In March, before the the final vote in Congress, the Congressional Budget Office had estimated the 10-year cost at a much more reasonable $938 billion.  Let’s see… in two months, ObamaCare’s cost estimate increases 12%.  And, of course, ObamaCare has yet to even begin.

On the positive side for Maine:  ObamaCare makes Dirigo Health’s cost-overruns look minor.