If you believe this:

Obamacare’s price tag has just gone up by $12 billion, due to the White House’s decision to delay the employer mandate until 2015. The vast majority of that increase ($10 billion) reflects a reduction in the penalties that the government would have collected from employers who did not comply with the requirement to provide health insurance.

You probably believed this:

• According to the CBO, Obamacare would reduce federal deficits by $127 billion over the 2012–2021 period.
• When Republicans threatened to repeal health reform, the CBO determined that a repeal would increase the deficit by $147 billion.
• Just last month, the CBO found that the insurance coverage provisions of Obamacare will actually cost $50 billion less that it had originally projected.

And don’t want to believe this:

Based on the White House’s past lawlessness and corruption in the service of Obamacare, I’m willing to venture the following prediction:

The Obama administration will announce in August, probably in a classic Friday news dump, that (1) it will offer Exchange subsidies to workersenrolled in multiemployer union plans, and (2) it will pay the FEHBP contribution toward the Exchange premiums for members of Congress and their staffs.

Nobody really knows where this thing is going, what it’s final form will be and how much it’s going to cost. Count on it being a lot more than $12 billion.