Healthcare Prices Increase At A Record RatePosted By Dave Snope |
Thanks, Barry.
With millions of Americans gaining coverage through President Obama's health care law, health care spending spiked by a staggering 9.9 percent in the first quarter of 2014 — the fastest rate since 1980 — according to data released Wednesday by the Bureau of Economic Analysis.
Obamacare was pitched as a plan to reduce health care spending, and formally titled the "Patient Protection and Affordable Care Act." In 2009, Obama called the status quo — in which health care spending was accelerating toward becoming one-fifth of the economy — "unsustainable."
With millions of Americans gaining coverage through President Obama's health care law, health care spending spiked by a staggering 9.9 percent in the first quarter of 2014 — the fastest rate since 1980 — according to data released Wednesday by the Bureau of Economic Analysis.
Obamacare was pitched as a plan to reduce health care spending, and formally titled the "Patient Protection and Affordable Care Act." In 2009, Obama called the status quo — in which health care spending was accelerating toward becoming one-fifth of the economy — "unsustainable."


