About Careers Internship MedBlog Contact us
Medindia LOGIN REGISTER
Advertisement

Obama Seeks $111 Billion More to Spend on Health Insurance Exchanges

by Lakshmi Gopal on March 20, 2012 at 3:14 PM
Font : A-A+

 Obama Seeks $111 Billion More to Spend on Health Insurance Exchanges

President Obama has requested a huge hike in spending for the mandatory health insurance exchanges in fiscal year 2013 budget, reports heartland.org.

Additional outlays of $111 billion requested, will bring the total subsidy funding to $478 billion over the seven years the exchanges are slated to be active.

Advertisement

The huge figure requested, may negate any estimated advantages of his signature health care law in lowering the federal deficit.

Analysis by the Congressional Budget Office (CBO) shows the plan would pile up $6.39 trillion in cumulative deficits over a 10-year period, but that figure is about $294 billion less than the White House estimated in February for the same 2013-2022 period.

At a recent Senate hearing, Health and Human Services Secretary Kathleen Sebelius admitted she did not know how the new request would affect Obama's mandate - whether it would shrink or grow the deficit.



Source: Medindia
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
What's New on Medindia
Alarming Cesarean Section Trends in India - Convenience or Compulsion of Corporate Healthcare
Quiz on Low-Calorie Diet for Diabetes
World Heart Day in 2022- Use Heart for Every Heart
View all
Recommended Reading
News Archive
Date
Category
Advertisement
News Category

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Health Insurance Plan Third Party Administrators for Health Insurance Star Health and Allied Insurance Health Insurance Policies offered by Bajaj Allianz Insurance ICICI Lombard General Insurance Company Limited Health Insurance Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Cholamandalam Health Insurance Policies 

Most Popular on Medindia

Vent Forte (Theophylline) Sinopril (2mg) (Lacidipine) Daily Calorie Requirements The Essence of Yoga Drug - Food Interactions Post-Nasal Drip Calculate Ideal Weight for Infants Selfie Addiction Calculator Turmeric Powder - Health Benefits, Uses & Side Effects Drug Interaction Checker
This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
×

Obama Seeks $111 Billion More to Spend on Health Insurance Exchanges Personalised Printable Document (PDF)

Please complete this form and we'll send you a personalised information that is requested

You may use this for your own reference or forward it to your friends.

Please use the information prudently. If you are not a medical doctor please remember to consult your healthcare provider as this information is not a substitute for professional advice.

Name *

Email Address *

Country *

Areas of Interests