A little more big Obamacare math

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Just reported by Chris Conover, contributor to Forbes.com, Medicare actuaries have estimated that in its first 10 years, Obamacare will boost health spending by “roughly 621 billion” above what Americans would have spent without the law.

The Medicare report breaks this figure down to mean that that between 2014 and 2022, the increase in national health spending attributable to Obamacare will ring in at about $7,450 per family of 4.

This is a far cry from President Obama’s June 2008 campaign pledge that his administration would lower premiums by $2,500 for a typical family per year, by the end of the first term at that.