Contributors

Sunday, November 24, 2013

Math Doesn't Lie

The main goal of the Affordable Care Act was to reduce the growth of health care costs and guess what? It's doing just that.

Take a look at the chart below.





















According to the report, the overall inflation rate for medical goods and services is at historic lows. The link above also has some very interesting information about readmission rates.

The conclusion?

The majority of experts now believe Obamacare is at least partly responsible for the slowdown. They think it is encouraging permanent, structural changes in medical care—the kind that will generate more and more savings over time. The slowdown's effects are largely invisible. They take the form of premium and tax increases that people will never have to pay. But the effects seem very real—and, if so, they constitute a bona fide policy success, the kind that even many experts once doubted was possible. It may not show up in the polls. But it will show up in people's wallets. 

And this would be exactly why Democrats should take Reince Priebus's advice and stamp Obamacare right to their forehead. 

2 comments:

GuardDuck said...

Nice chart.....


Comparing eight years against four years against four years of which two of them are 'projections'.

Anonymous said...

M and math (critical thought too) are not friends or acquainted.

Two projected years which have no grounds for 'ACA' claims.