Monday, May 13, 2013

Rising health spending was always a fraudulent premise for Obamacare

Readers of Pull the Plug on Obamacare are not surprised by recent reports that health care spending in America is rising only at a modest rate. It was already so for three or more years prior to passage of the ACA, and gave lie to the claim that we had to pass Obamacare to rein in out-of-control spending (as if any recent administration has a good track record on that count).
Quoting the book published this past February, in the chapter 'Obamacare Mis-diagnoses the Problems': Prior to passage of the ACA, health expenditures in the USA had been growing at their lowest rate in 40 years. In 1970, the growth rate was 10.5%; in 1980, 13%; in 1990, 11%. In 2007, 2008 and 2009 the numbers were, respectively, 6.1%, 4.7% and 3.8%. Health care cost inflation was declining, not exploding, not in crisis.
It is Obamacare that is threatening to cause health spending to explode beyond anything 'affordable'. It's time to pull the plug while we still can.
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