Healthcare spending in the U.S. is soaring, and has been for decades. Solutions to increased healthcare and insurance costs have also been proposed for decades but for most of that time little has been done at the governmental and regulatory levels. Obamacare (formally known, and ironically, as the Affordable Care Act) was to be the answer to high medical spending. Then-President Obama boastfully declared his plan would “bend the cost curve downwards”. So while we have all heard anecdotes of soaring insurance premiums and insurers leaving Obamacare let’s look at some of the facts and see how well the program has fared.
David A. Pace, CFA
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