Expanding the welfare state has always been the main purpose of Obamacare.
Via Daily Caller:
Obamacare subsidies are likely to cost billions more than expected this year, after a Wednesday federal report revealed that a 87 percent of HealthCare.gov customers are getting taxpayer subsidies to purchase health insurance.
According to a report released by the Department of Health and Human Services Wednesday, customers in federally-run Obamacare exchanges that received any amount of subsidies paid on average 76 percent less than the real cost of their premium.
While the average premium cost $346 per month for subsidized HealthCare.gov users, taxpayers are paying insurers an average of $246 per month, while Obamacare customers are chipping in an average of just $82 per month.
“Nearly 7 in 10 consumers who signed up for Marketplace coverage are paying $100 or less for that coverage,” said newly confirmed HHS secretary Sylvia Burwell. “When there is choice and competition, everybody benefits,” she concluded oddly, not mentioning that the sole factor in lowering the cost for Obamacare customers is upping the taxpayer tab.
“The report does not demonstrate that families had more choices or that premiums are lower in the past,” said Douglas Holtz-Eakin, president of Washington think tank the American Action Forum and a former CBO director. “It does demonstrate that consumers avoid 76 percent of premiums because federal spending subsidizes the cost.”