Report: Obamacare Exchanges to Cost $5.3 Billion, 16 Million Hours
1:38 PM, Sep 25, 2013 • By DANIEL HALPER
A new report by the American Action Forum finds that Obamacare exchanges will cost $5.3 billion and 16 million hours in paperwork burdens.
"On October 1, the health care exchanges established in the Affordable Care Act (ACA) will go online. Despite the many delays, administrative lapses, and staggering costs, few have examined the regulatory burdens of the new health care exchanges," writes Sam Batkins, the author of the report.
"According to administration data, the listed paperwork burden of the exchanges exceeds 16.6 million hours, $558 million in direct costs, and 40 new forms. Examining the regulatory impact analyses from exchange regulations, the total cost to states and private entities approaches $5.3 billion. Including all current requirements under Health and Human Services (HHS), the agency imposes 645 million hours of paperwork, $35.3 billion in costs, and 4,116 federal forms."
Here's a breakdown of "notable exchange regulations":
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