Health Law Cost Increase Triggers House Republican Inquiry
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The Republican chairman of the U.S. House tax-writing committee questioned why Obama administration spending estimates for insurance subsidies under the health-care law rose by $111 billion from a year ago.
President Barack Obama’s fiscal 2013 budget request, released Feb. 13, projected that subsidies for low-income and working-class families would total $478 billion through 2021. The administration pegged the cost at $367 billion over the same period in its fiscal 2012 budget proposal.