Surprise: Obamacare Projections on Student Loan Profitability Hit a Snag

A recently released report reveals that projections of revenues meant to offset some of Obamacare’s costs were as flawed as its projections for lower health insurance premiums and healthcare costs. And taxpayers should brace themselves for yet another bailout: this time of the federal student loan program.
An often-forgotten provision of Obamacare, a/k/a the Affordable Care Act (ACA), was its take-over of the federal student loan program, with claims that doing so would provide vast financial windfalls to help offset the ACA’s costs: $61 billion over 10 years, according to the Congressional Budget Office (CBO). Before the ACA, about half of

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