Obamacare premiums to rise at record pace

I've got good and bad news for you about Obamacare. The good news? The overall cost of the program over the next 10 years will be $100 billion less than originally thought. So says the CBO. The insurance expansion under the Affordable Care Act will cost $1.383 trillion over the next decade, more than $100 billion less than previous forecasts, the Congressional Budget Office said Monday. The nonpartisan budget office’s report, an update to projections from February, shows the law costing less than in previous estimates in part because of the broad and persistent slowdown in the growth of health care costs. The news might come as welcome to Democrats on Capitol Hill and in the White House who are struggling to defend the law in an election year. If you're interested, the reduction in the cost of Obamacare costs will not reduce the deficit by one penny. Congress already has the savings spent - andt then some. Besides, there's no guarantee that next year,...(Read Full Post)