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obamacare cost

Article Index

Update: Flailing Obamacare Website Swallows $1 Billion in U.S. Taxpayer Dollars

By , Associate Editor, Money Morning • @TaraKateClarke -

Health and Human Services Secretary Kathleen Sebelius told Congress the dysfunctional Obamacare website, Healthcare.gov, cost $175 million. Meanwhile, the Government Accountability Office came up with a $394 million price tag. But a Bloomberg Government Analysis has tallied up its true cost - a cool $1 billion.

Now wait until you see how all that taxpayer money was spent...

Obamacare Facts: The Affordable Care Act by the Numbers

By , Contributing Writer, Money Morning -

There are a lot of important Obamacare facts and numbers you can't afford to ignore.

Let's start with the enormity of U.S. President Barack Obama's signature healthcare bill. To date, some 2,572 pages of regulations have been written (more are expected).

More familiar numbers tied to Obamacare include 50 - the headcount at which companies must provide insurance or pay a fine ($2,000).

Now consumers have less than one month until the next round of Obamacare regulations kick in Oct. 1, with open enrollment in the online Health Insurance Marketplace (formerly called exchanges).

Note: Under Obamacare, you could get slapped with a $2,000 fine - even if you DO have insurance. This free presentation shows you what to do. Please view while it's still airing. Go here.

When looking into the facts and full impact of Obamacare, here are 15 of the most important numbers you need to know:

To continue reading, please click here...

The Real Impact of Obamacare Taxes

By , Contributing Writer, Money Morning -

The Affordable Care Act is going to cost everyone thanks to a slew of Obamacare taxes.

The Affordable Care Act is primarily aimed at decreasing the number of uninsured Americans and reducing the overall costs of health care. Those who think the law won't change much about their healthcare or finances don't realize they'll likely be paying for it.

That's why Republicans are focused on striking down Obamacare should they nab a presidential victory in Election 2012. They claim that the taxes involved to pay for Obamacare will crush the middle class and most U.S. taxpayers, as well as trigger job losses in affected industries.

Republicans also harp on the fact that President Obama said he would not raise taxes.

"This bill was built with smoke and mirrors to hide the impact of the trillions of dollars of new entitlement spending," House Budget Committee Chairman Paul Ryan, R-WI, said in a statement last Tuesday.

Here's a glimpse at what those Obamacare taxes will do to the country.

To continue reading, please click here...