Study: ObamaCare costs grossly underestimated

Bill Bumpas
OneNewsNow
7/27/2011

New research suggests that assumptions made in ObamaCare about employee behavior aren't realistic and thus could cost taxpayers billions of dollars.

Earlier this month, the non-profit Employment Policies Institute (EPI) released new research from economists at Cornell University and Indiana University that suggests the healthcare law could be quite expensive for the U.S. Mike Saltsman, an EPI research fellow, explains to OneNewsNow why the economists were so pessimistic.

"A lot of people who are currently insured by their employer under this new system may find it in their best interest to actually leave their employer's coverage and go get their insurance through the insurance exchange," he explains. "What that could mean is that a lot more people are sort of getting subsidized insurance coverage -- and it could mean a higher cost for taxpayers than originally projected." the rest