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President Barack Obama hit a huge one out of the ball park, all the way downtown, and right into taxpayers’ purses/wallets. A new study projects the U.S. will spend $2.6 trillion, yes trillion, less on Obamacare than the president anticipated.
After a near-disastrous start with a misfiring website, the president’s Affordable Care Act [Obamacare] erred in the taxpayers’ favor. The new study found the Department of Health and Human Services [DHHS] way overestimated the national cost over a five-year period. The Robert Wood Johnson Foundation funded the study, which the Urban Institute conducted.
According to the Washington Post, Senior advisor for the foundation Katherine Hempstead said:
‘WHEN CMS ORIGINALLY MADE THOSE PROJECTIONS, THEY REALLY THOUGHT THE SLOWDOWN IN HEALTH-CARE SPENDING [GROWTH] WAS MOSTLY DUE TO THE RECESSION, AND AFTERWARD WE’D SEE A RETURN TO THE HIGHER RATES OF SPENDING GROWTH — AND THAT DIDN’T REALLY HAPPEN.’
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