Costs Seen Rising Under Obamacare

Watch for insurance premiums to go through the roof


Some four months after the U.S. Supreme Court upheld the core of the contentious Patient Protection and Affordable Care Act and less than two weeks before the nation effectively decides the law's future at the polls, the debate over how much it will cost and just who will pay rages on.

The Obama administration and supporters of what Republicans and opponents of the health care act at large have derisively dubbed "Obamacare" charge the ACA already has saved Americans billions of dollars and will save tens of billions going forward.

But like just about every other federal spending program, some may save, but somebody's going to have to pay.

"(T)he Affordable Care Act was designed primarily to increase coverage, not to control costs," said Jack McDermott, spokesman for the Florida Office of Insurance Regulation.