Quote:
Originally Posted by Bucco
Glad you are smart, maybe you can explain.......
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"The bottom line: cumulatively from 2010 to 2017 the ACA reduced health care spending a total of $2.3 trillion."
"In 2017 alone, health expenditures were $650 billion lower than projected, and kept health care spending under 18 percent of GDP — basically a tad over where it was in 2010 when the ACA was passed. It did all of this while expanding health coverage to more than 20 million previously uninsured Americans.
Compared to the 2010 projections, the government’s Medicare bill in 2017 was 10 percent ($70 billion) less, and spending for Medicaid and the Children’s Health Insurance Program was a whopping $250 billion below expectations (partially — but only partially — due to the failure of some states to expand the program). The actuary had predicted in 2010 that employer-sponsored insurance would cost $1.21 trillion in 2017, but it came in at $1.04 trillion, a difference of $170 billion for that year.
Put another way, health care spending in 2017 was $2,000 less per person than it was projected to be. And for the 176 million Americans who have private employer-sponsored insurance, their lower premiums averaged just under $1,000 per person."
The Affordable Care Act has saved billions in health care costs - STAT
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These are government numbers and confirmed
Guess I need explained how it saved so much, yet is so horrible, and "socialist".
Compared to....oh, there is nothing to compare it to.....sorry. For the record, and you certainly can check my posts (I have been here that long) to see how I opposed it. Maybe still might but it is working and no other plan exists. |
There is much to compare to in the ACA and it is a poorly thought out plan. Ask the people who lost their health care coverage from their employers and along with the loss of income due to the premiums for poor coverage and large co-pays. Costs should be down, many people are now not seeking necessary services and tests because the expense to them is exorbitant with deductibles, co-pays and non-covered services.
Talk to the people who are under that coverage and get the real feedback.