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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Obama Administration Costs Government $10 Billion in Fines

WASHINGTON (AP) - The nonpartisan budget scorekeeper for Congress says the Obama administration's recent decision to delay a health law requirement for larger employers to offer coverage will cost the government $10 billion in fines that won't be collected.
   
But the Congressional Budget Office says that's a relatively small amount.
   
As a result of the employer delay and other last-minute changes, the CBO said Tuesday that cost of expanding coverage for the uninsured will rise to $1.375 billion from 2014-2023, an increase of less than 1 percent from its previous estimate in May.
   
Foes of "Obamacare" say the delay in the employer requirement is a sign that implementation of the law is in serious trouble.
   
CBO said fewer than half million people would have to forgo coverage as a consequence.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
 

 

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