The “experts” assured us the ACA would fix this. In fact, our premiums would be 4x greater in 2023 than in 2014, to cover 2 people versus 3 in 2014. And our annual family deductible is now a staggering $17,600 per year. And they pretend this is “insurance”!
U.S. spending on health care grew by 2.7 percent to reach a total of $4.3 trillion in 2021, or around $12,900 per person, according to new figures from the Centers for Medicare & Medicaid Services (CMS).
Although this growth was slower than the increase of 10.3 percent in 2020, out-of-pocket health care spending accounted for 10 percent of the overall share last year and increased by 10.4 percent — a rate not seen since 1985.
Source: Out-of-pocket health spending rises at highest rate since 1985 – The Hill
Every goal set for the ACA and used as sales pitches for the legislation failed – except one. Medicaid coverage was expanded.
Pre-existing condition exclusions is the other one that many cite but it affected few people. Little known by the public, the HIPAA Act of 1996 eliminated pre-existing condition exclusions for those covered by group plans (employers, professional organization group insurance programs). HIPAA did not, however, address the small individual insurance market.
24 states then enacted their own pre-existing exclusion protections to address that error in HIPPA.
Thus, the pre-existing conditions of the ACA applied to the small individual insurance market in the states not passing their own legislation. ACA promoters falsely claimed the ACA was rescuing everyone from the pre-existing condition exclusions – when 95+% were, in fact, already protected. But it made for a good sales pitch even though it was a straight up lie. This lie was widely promoted by Obama, the Democratic Party, and individual Democrats.
The experts can’t help themselves – they all lie, all the time.
There are reasons I no longer believe any “expert” on anything. May write a post to summarize their repeated failures.
