It costs more because it insures millions of people who would have otherwise utilized the private sector system. It costs more because it mandates numerous additional coverages that the pre-Obamacare system was not required to cover--coverages that many people neither wanted nor needed but are now required to have. It costs more because never in the history of the world has government done anything as economically, efficiently, or effectively as that which can be done by the private sector. It costs more because of the huge new taxes and tens of thousands of pages of new regulations imposed on individuals and the private sector. It costs more because of the massive huge expensive bureaucracy that will have to be expanded or created to manage it--a bureaucracy that will consume more and more of available resources just to feed itself. It costs more because of the massive bribes/reimbursements etc. funneled to insurance companies to get them to participate.
Originally Posted by vasuderatorrent
This was form the GAO report something over a year ago. And the situation has worsened since then:
Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office (GAO) report released today.
Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false. . .
GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit | National Review Online