By Elise Viebeck - 07/10/13 09:08 PM EDT
"The federal debt is nearly $17 trillion and the cost of the [exchange tax credits] has increased over 107 percent … To better understand whether the administration is implementing the law with federal spending in mind, please provide a detailed response to [our] questions."
The Affordable Care Act requires state insurance marketplaces, scheduled to launch on Oct. 1, to be financially self-sustaining starting in 2015.
The administration says the exchanges will open for enrollment on time. The related user fees are designed to accompany an expected flood of new policyholders for insurance companies as the individual mandate takes effect.
The letter came from Senate Finance Ranking Member Orrin HatchOrrin HatchInternet companies dominate tech lobbying Senate panel approves pension rescue for coal miners Overnight Tech: GOP says internet fight isn't over | EU chief defends Apple tax ruling | Feds roll out self-driving car guidelines | Netflix's China worries MORE (Utah), Richard BurrRichard BurrSenate rivals gear up for debates The Trail 2016: Trump seizes on Charlotte violence Polls: Dem Senate candidates lead in three states MORE (N.C.), Pat RobertsPat RobertsSenate panel approves pension rescue for coal miners Congress set for Saudi showdown with Obama GOP pressures Kerry on Russia's use of Iranian airbase MORE (Kan.), Johnny IsaksonJohnny IsaksonGrassley pulling away from Dem challenger Fifteen years since pivotal executive order, STORM Act could help fight terror finance GOP pressures Kerry on Russia's use of Iranian airbase MORE (Ga.), Chuck GrassleyChuck GrassleySenate rivals gear up for debates Grassley pulling away from Dem challenger Overnight Finance: McConnell offers 'clean' funding bill | Dems pan proposal | Flint aid, internet measure not included | More heat for Wells Fargo | New concerns on investor visas MORE (Iowa) and Mike EnziMike EnziOvernight Energy: Obama integrates climate change into national security planning Senate panel approves pension rescue for coal miners GOP pressures Kerry on Russia's use of Iranian airbase MORE (Wyo.).