3 ms·
Noooooo. The cost curve was NOT bent downward and if you can show me any evidence it was I'll certainly change my opinion. What did happen was that a whole lo
by Nrsolis 10y ago
Noooooo. The cost curve was NOT bent downward and if you can show me any evidence it was I'll certainly change my opinion.
What did happen was that a whole lot of people suddenly became the beneficiaries of a brand new government welfare program that wasn't paid for in any way by cost savings anywhere. I've got CBO studies to back that up.
Yes, we raised taxes on some rich people. Big deal. A pittance on what the spending required.
What we DID do was shift a whole lot of insurance costs onto people who were already paying a bunch: the middle-class.
If you want to know who really carries the weight of the ACA, look no further than a family of 4 with two incomes making about $125K between them. They saw their premiums rise, their deductibles grow, and their choices shrink.
There were winners: primarily, under or unemployed adults and those with pre-existing conditions that couldn't get coverage anywhere. Single mothers in some cases who couldn't otherwise get coverage under Medicare.
Everyone else who already had coverage they were paying for got screwed.