Feds Need to Explain $111B Increase in Spending for Exchange Subsidies
|Targeted News Service|
Today, Ways and Means Chairman
During Tuesday's hearing and again today, Camp questioned why the increase was so much larger than it was just one year ago. He called on the Administration to address whether the request might be a result of higher than expected premiums or a loss of private insurance and stated:
"When you compare expected spending on the subsidies from this year's budget to last year's budget over the same time period, the amount of growth is nothing short of explosive. This suggests either premiums are going to be more expensive than the Administration predicted, more workers will lose the insurance they have through their job, or a combination of the two. The question for this Administration is, which is it?"
For a copy of the letter click here.http://waysandmeans.house.gov/UploadedFiles/Camp_Geithner_Letter_3-2-12.pdf
TNS CT21CT-120303-3794192 61ChengTacorda
|Copyright:||(c) 2012 Targeted News Service|