Monday, June 14, 2010

Woopsie! ObamaCare Short--Again

Another deficit coming up.

A $5 billion temporary reinsurance program designed to help employers maintain health benefits for early retirees likely will be exhausted within two years—well before the 2014 termination date for the program, according to a study released on June 7 by the nonpartisan Employee Benefit Research Institute (EBRI). The program is part of the Patient Protection and Affordable Care Act of 2010 (PPACA), which Congress approved and President Obama signed into law earlier this year.

Well, it says "temporary" there, so that's what it means, no?

See, if it runs out of money, that means that it won't add to the deficit. Or something.

Source: CCH newsletter

1 comment:

Deekaman said...

Nothing is a permanent as that which is called "temporary".