Obamacare's big overhead bill? Try $273.6 billion

[kent]

22.5% overhead cost vs. 2%?  Wow!  22% sounds like a bargain to me - or not.

Obamacare is set to add more than a quarter-of-a-trillion—that's trillion—dollars in extra insurance administrative costs to the U.S. health-care system, according to a new report out Wednesday. (Tweet this)

The $273.6 billion in additional insurance overhead represents an average of of $1,375 per newly insured person, per year, from 2012 through 2022.

The overhead cost equals a whopping 22.5 percent of the total estimated $2.76 trillion in all federal government spending for the Affordable Care Act programs during that time, the authors of the report in the journal Health Affairs noted.

In contrast, the federal government's traditional Medicare program has overhead of just 2 percent, according to the report.

www.msn.com/en-us/money/insurance/obamacares-big-overhead-bill-try-dollar2736-billion/ar-BBkiHVF?li=AA4Zjn

[djAdvocate]

several problems with that analysis.  i won't bother pointing them out, because i have to go to work.