Unfortunately, healthcare continues to be the source of headaches, in more ways than one. Heightened costs are overwhelming individuals, companies, nonprofits, and municipalities. Alex Wayne explains just one example (“Health Reform: Obamacare at Twice the Price” Bloomberg Businessweek, 4/22/13–4/28/13, p. 27):
“The health-care law calls for exchanges where people will shop for insurance plans. Helping states build them is costing much more than the White House anticipated.”
In this case, although the White House budgeted $2 billion for this item, the cost will be closer to $4.4 billion. We have blown our budget by 120%.
I think there was a day when healthcare would heal more headaches than it created; now I’m not so sure.