September 28, 2020
Lot's of talk about ACA (Obamacare). Here are some ironclad facts:
1. 'Affordable' it wasn't. Over 90% who 'afford' it receive subsidies or assistance from the federal government to pay for it.
2. Healthcare Costs nationally continued to skyrocket, up 50% across the board. Obamacare premiums up 75% in 10 yrs.
3. 'More choice'. Most states only have one provider "to chose from". 'Keep your doctor?' - a joke.
4. 'More people will be insured' - despite a booming economy the national uninsured rate ticked up last year, from 7.9 to 8.5 percent.
5. And the COST... ACA is currently estimated at a net cost of $1.207 TRILLION dollars by 2022. - non-partisan Congressional Budget Office. Each trillion is one thousand Billions!
6. Heathcare Industry, as a whole, is vastly more profitable today than 10 years ago. Avg. stock price has tripled since 2010.
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