by Lance Roberts
Real Investment Advice
When the Obama Administration first suggested the Affordable Care Act following the Financial Crisis, we argued that the outcome would be substantially higher, not lower, healthcare costs. It is interesting today that economists and the media complain about surging healthcare costs with each inflation report but fail to identify the root cause of that escalation. The chart below tells you almost everything you need to know, but in this blog, we will revisit why the Affordable Care Act failed to make healthcare affordable and some solutions to fix the problem.
[…] When it was conceived, the Affordable Care Act (ACA) was hoped to improve healthcare access. At the time, roughly 20 million Americans were uninsured. The bill hoped to lower the rising cost of healthcare in the economy by providing a Government mandate.