In the letter, Rep. Camp noted that between fiscal year 2012 and FY 2013, there is a projected $111 billion increase in spending on health insurance exchanges. “This staggering increase in health insurance exchange subsidy spending cannot be explained by legislative changes or new economic assumptions, and therefore must reflect substantial changes in underlying assumption regarding the program’s utilization and costs,” he wrote.
Rep. Camp then asked that the Treasury Department submit an analysis of why the Department of Health and Human Services and President Barack Obama’s administration increased their spending estimates and what it means for health insurance premiums in the exchange.
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