If you thought ♡bamaCare!!! had failed to save you $2,500 a year on your private costs, wait until you see what it’s doing to the public sector.
Courtesy of the Affordable Care Act, public spending is outpacing private spending. For 2015, the Congressional Budget Office reports that the federal government spent a total of $936 billion on health programs (for example, Medicaid, Medicare, and the Affordable Care Act), a 13 percent increase over the 2014 level.
For 2015, the Congressional Budget Office reports that Medicare spending increased almost 7 percent, the fastest rate of growth since 2007; and, over the period 2013
Medicaid is the fastest growing component of America’s poorly performing welfare state. Many Affordable Care Act advocates applaud the government’s increasing role in American health care as an indisputably good thing, but that does not bend the notorious “cost curve” downward. Nor does it guarantee value for the dollars expended, even if, as the president says, the Affordable Care Act has incorporated “ every single good idea” to do so.
Health care delivery and payment reforms—value based purchasing, pay for performance, accountable care organizations (ACOs)—are among several strategies enacted in the Affordable Care Act to bend the cost curve downward.
But in 2010, the Congressional Budget Office declared that most of these initiatives would have little if any effect on health spending. In 2012 they completed a more detailed evaluation found limited success, but most of the “value-based” initiatives to be largely unimpressive as a source of savings.
When the money runs out, it will the the old and poor who suffer the brunt of Obama’s expanded welfare state,