The cost of Obamacare has soared, but not as much as the president’s claim, according to an analysis by The Hill.
The Hill has previously published a report that estimated the cost of the law to be $16.3 trillion.
That figure was based on the $8 trillion in revenues that the government has collected from the individual and employer markets since Obamacare was enacted.
The president’s figure comes from a tweet by White House Press Secretary Sarah Huckabee Sanders that appeared to suggest the law is not fully costed.
However, it’s important to note that The Hill has a long history of reporting on the cost to the federal government of health care.
In February 2018, we published a list of the biggest healthcare cost overruns, according the American Medical Association.
In our latest analysis of the costs to date, we found that the average overrun for an individual in 2017 was $1,638.
That number is roughly $8,000 less than the $16,400 the president is claiming.