No. of Recommendations: 10
!. Things have gotten worse under the ACA, not better. Look at the cost explosions.
Is that due to the repeal of the personal mandate, which took effect in 2019? Proponents of the mandate said that, if it was repealed, young, healthy, people, who require little health care, would withdraw from the system, so the cost for those remaining would increase.
2. Insurance companies are richer than ever...thanks to the ACA.
Of course. The ACA, Medicare Advantage, and Part D, were all written to line the pockets of the insurance companies.
3. A nationwide single payer system would cost north of $2 trillion per year.
That would be a bargain.
From the net sifter:
In 2023, total U.S. healthcare spending reached $4.9 trillion, a 7.5% increase from 2022. This amounted to $14,570 per person and represented 17.6% of the U.S. Gross Domestic Product (GDP). The higher growth rate was driven by increased utilization of healthcare goods and services, particularly in private health insurance and Medicare
Steve
