Timothy Birdnow

Healthcare costs are soaring since Barack Obama "fixed" them with his Affordable Care act.

ObamaCare & The Hyper-Inflation Of Healthcare Costs


FTA:

When it was conceived, the Affordable Care Act (ACA) was hoped to improve healthcare access. At the time, roughly 20 million Americans were uninsured. The bill hoped to lower the rising cost of healthcare in the economy by providing a Government mandate.

However, as is always the case when "Big Government” steps in, the outcomes are generally worse, not better. Such should not be surprising. At a press conference on August 12th, 1986, US President Ronald Reagan said, "The nine most terrifying words in the English language are ‘I’m from the government and I’m here to help.’”


A decade after the launch of the Affordable Care Act, we can not look back at the results. In 2023, roughly 25 million Americans still lack healthcare coverage. The government continues expanding programs, like Medicaid, to insure more individuals at a hefty cost to taxpayers. While the uninsured population has fallen by 3 million since 2014, the question is whether the costs justify the results.

Unsurprisingly, as we discussed initially, the Affordable Care Act led to a hefty increase in healthcare costs. Although its goals were noble, several key provisions - including pre-existing conditions, reduced consumer choice, and government subsidies - strained the system financially.These problems, compounded with other structural challenges, are further exacerbated by the COVID-19 pandemic, leaving insurers, taxpayers, and patients grappling with rising premiums and expenses.

We will examine these issues.


Read the entire article at Zerohedge.

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