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:
The measure passed, 238-183, over objections from President Obama, who last year pushed through Congress the [health] care law to expand health coverage to the uninsured. The law requires Americans to obtain insurance, with subsidies and purchasing exchanges to help them.
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.