May 6, 2014
SO MUCH FOR SAVING $2,500 PER YEAR: John Merline over at IBD breaks down the high cost of getting Obamacare up and running:
Add it all up, and ObamaCare’s startup cost is at least $6.7 billion. Even if every one of the 8 million enrollees pays their premiums all year, the cost is more than $837 per sign-up.
And if recent surveys are correct that just a third of enrollees previously lacked coverage, ObamaCare will have cost $2,500 for each newly insured person.
Yikes. And this doesn’t even count the double-digit increases in health insurance policies fueled by Obamacare’s cornucopia of benefit mandates.