Health Care Reform Subsidy Costs Explode

New data contained in the latest presidential budget proposal show the costs of providing subsidies to middle class citizens to help them buy health insurance in the new state insurance exchanges, have climbed by over 30% since last year. The new budget show expected costs of $478 billion over the period from 2014 - 2021.

This projected cost increase raises two concerns. First that the estimated cost of the insurance has gone up, and second, that the administration fears more employees will lose group coverage when the Affordable Care Act takes effect in 2014.

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