Seriously....is anyone surprised?

The Post Office, the DMV, Amtrak. The list goes on and on that shows the government doesn't run things efficiently. I don't care how much active members of government says it does. It's quite logical actually. How responsible are you when it's not your money? When it just gets replenished, or you can make more money. How stingy would you be? Of course Obamacare will cost more that "they previously thought". Name me one government program that ended up coming in under budget? Read the original here.

CBO: Obamacare to cost $1.76 trillion over 10 yrs
byPhilip Klein Senior Editorial Writer
Washington Examiner

President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.

Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.

UPDATE: I've done another post with additional details from the CBO report.