09/21/2019

ObamaCare’s Failed Cost Controls

When the authors of the Affordable Care Act promised to “bend the cost curve” in health care, it was typical Washington doublespeak. Voters likely heard those words as a promise that costs would go down, but the intended meaning was merely that they would rise more slowly than before.

Yet even by that meager standard, ObamaCare is a failure. Costs are rising faster than before, and there’s no real prospect of a reversal. The key provisions of the law that were supposed to produce savings and efficiencies either haven’t worked or will never be implemented. ObamaCare’s Failed Cost Controls Photo: iStock/Getty Images

America’s health-care spending rose 4.3% in 2016, according to federal data released earlier this month. That is the third straight year it outpaced economic growth. Total health spending last year was 17.9% of gross domestic product, up from 17.2% in 2013.

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