The Continued Failure of the ACA: Where’s our $2,500 per family Reduction Mr. President?
As i predicted years ago, the ACA has not reduced the cost of healthcare spending by $2,500 per family. to the contrary, National Healthcare expenditures have risen about 3% per year since the ACA passed. What does this amount to? Well the per capital spending on healthcare in 2010 was $8,411. in 2014, per capita spending is at a whopping $9,523. That increase in cost is $1,112 or a 13% increase.
As well, the percentage of healthcare expenditures expected to be paid by federal, state adn local government is to rise to 47% by 2024. The ACA has contributed wildly to that number.
The ACA has “insured” people through wealth transfers and by putting people on the government welfare rolls. Obamacare hasn’t transformed the healthcare business here in the U.S. and proves, once again, that if you want to reduce the cost of something, you don’t put it in the hands of government.