Tag Archives: Affordable Care Act

The Obamacare Escalator

I originally wrote this on my Facebook page. I am embedding that post below, but also putting the text here (including fixing some grammatical mistakes from the original post).

In 2009 White House economists tried to sell ObamaCare as a health cost-control bill, and some liberals still claim the recent spending deceleration is a result of the law even though it is really due to a bad economy.

On Wednesday, the actuaries at Health and Human Services released their new annual projected measurement of national health expenditures for last year and through 2023. Spending in 2013 grew at a relatively low rate of 3.6% which still outpaced real economic growth. They expect the rate to climb to 5.6% in 2014 and continue rising by 6% a year, on average, through the decade.

Poor reporting on Obamacare insurance

I have been reading a lot of articles lately (and a lot of TV news shows) about Obamacare insurance problems.

I think it is quite sad that so many people are getting cancellation letters from their insurance companies. Even if they may get a slightly better insurance deal in the future, the frustration of having to change insurance providers is something that elected politicians don’t seem to empathize with enough.

insurance coverage umbrellaI do condemn the “made up” controversies though. It is shocking the number of people that are getting interviewed on TV about their own horror that are not fairly reported. Too many times, I read an article where a print reporter followed up on a TV interview only to find the person didn’t adequately confirm their exact coverage or costs. The TV interview shows really need to get their act together and if you watch TV for your news, you probably are being misinformed in one way or another.