Report Puts Obamacare’s Cost At $30.8B, 114 Million Paperwork Hours
The American Action Forum, a Washington-based advocacy group that has long opposed the health law, said 55,742 employees — working 2,000 hours per year — would be needed to process all the red tape associated with Obamacare.
The report cites several examples of excessive costs from each category. In most cases, neither the Department of Health and Human Services nor the Congressional Budget Office has provided cost estimates, the organization said.
In the healthcare market, for instance, the Obamacare rule on “preexisting condition exclusions” is costing institutions $4.9 million and 38,000 paperwork hours, the group said.
Regarding premiums, the organization surveyed healthcare costs in five cities — Atlanta, Austin, Chicago, Phoenix, and Milwaukee. “The results are sobering: young and healthier individuals, including small employers, can expect a 169 percent premium increase, averaged across the five cities,” the report concluded. “Consumers in Milwaukee could experience the greatest sticker shock, with a 190 percent increase in 2014.”
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