The facts on the Affordable Care Act as of October 13, 2016.
Now stop lying about it because you had some kind of an issue with authority in your adolescence and get catty every time the federal government does something in the best interest of this country and succeeds at it.
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The problem with the Affordable Care Act is that it doesn't do anything to stop the real cause of health care inflation: profiteering.
Drug companies are jacking up prices by 200%, 300%, 400% and 500% just because they can. Medical device companies charge Americans 10 or 20 times what they charge foreigners for the exact same hip and knee implants. American medical specialists get paid significantly more than their foreign counterparts in other advanced economies, and American outcomes are often worse than foreign outcomes.
Obamacare was based on the premise that as competition tightened the insurance companies would increase their efficiencies: eliminate waste and fraud, and reduce overhead. The problem is, the people who make those decisions are themselves the biggest chunk of waste, fraud and overhead in the health care system.
Insurance company execs rake in billions in compensation, but they provide no added value in health care: they are worthless middlemen. They exist solely to profit from patients' problems.
This is why so many health health-insurance-only companies are pulling out of the marketplaces: they simply cannot compete with the companies that have their own hospitals, clinics and doctors.
Since the health-insurance only companies can't compete on the open market, they're going back to their core business: buddying up to CEOs of big corporations to provide coverage for corporate employees. To make money they deny coverage to those employees by giving them the runaround every time they have a claim. Their core business is denying health care, not providing it.
For decades these companies ran the health care system. The cost of health care skyrocketed 10 or 20% every year. This is fine for them because they basically get a 30% cut of all health care expenses: if prices increase, their profits increase because they simply jack up their rates to cover their costs. "Don't blame us," they say. "Our costs are going up and we have to pass that on the customer or we'll go out of business."
This is not a failure of Obamacare. This is all about the greed of worthless insurance company middlemen, the vampires of the health care system.
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