Report: Obamacare Costs Higher than Predicted / AP

The cost of implementing Obamacare may increase more than the original predicted price, according to a federal report.

With 9 million applying for healthcare through the Obamacare exchanges, 9 out of 10 of those applicants received federal money to offset their insurance premiums, the Los Angeles Times reports.

Premiums that normally would have cost $346 a month on average instead cost consumers just $82, with the federal government picking up the balance of the bill.

While the generous subsidies helped consumers, they also risk inflating the new health law’s price tag in its first year.

The report says that at least $11 billion will be spent on subsidies for those customers who bought plans through the federal marketplace. That number does not include customers who bought insurance through the state exchanges that also receive federal aid.