Obamacare setup $3.8 Billion and Heading to over $5 Billion

The administration has already spent $3.8 billion creating the system for Americans and business to buy Obamacare health insurance, and that figure is likely to top $5 billion when every participating state comes online, according to federal figures. 

California has received the most so far, some $910 million in grants to be used to build the state's "health insurance marketplace," the so-called "exchanges" where citizens and businesses will be able to compare and choose their preferred coverage as soon as October.

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The $3.8 billion already spent on grants to 51 states, territories and the District of Columbia is just to serve the estimated 21 million-40 million who don't have health insurance. The majority of Americans already have insurance, typically through their workplace. 

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Based on the grant spending pattern, the $3.8 billion spent so far could easily top $5 billion when the full system is set up. Under Obamacare, federal grants help states set up their exchanges which are eventually taken over and funded by states. A fact sheet said that grants will be available through 2014...

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