House Seeks to Stop Implementation of Obamacare Exchanges
2:03 PM, May 4, 2011 • By JEFFREY H. ANDERSON
The Philadelphia Inquirer reports that the House of Representatives voted yesterday to repeal mandatory federal funding to states to establish Obamacare exchanges. The Inquirer writes:
This specific bill, which would deny federal grant money to states to set up the exchanges, would save an estimated $14 billion, according to Rep. Fred Upton (R., Mich.), chairman of the Energy and Commerce Committee. But ultimately preventing the implementation of the Obamacare exchanges would save a whole lot more. The Congressional Budget Office has projected that, during Obamacare’s real first decade (2014 to 2023), the cost of these government-run exchanges would be $739 billion — more than this year’s allotment for Social Security, Medicare, Medicaid, or national defense.
No Republicans voted against the bill. Five Democrats voted for it.