WASHINGTON (AP) — A senior Republican is demanding an explanation for a $111 billion jump in the estimated cost of helping middle-class Americans buy insurance under President Barack Obama's health overhaul.

The administration says the big increase from last year's estimate is no cause for alarm.

Starting in 2014, many middle-class people will get subsidies to help buy coverage in new state markets. This year's budget shows a 30 percent cost increase over 10 years. The revised numbers are buried deep in the president's budget.

Officials say it's mostly due to newly signed legislation raising costs for one part of the health care law that still saves the government money overall. The rest is due to technical changes.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.