Why Do Medical Care Costs Keep Rising? | Nina Schaefer

The Affordable Care Act was signed in 2010, with President Barack Obama promising that “If you like your insurance plan, you can keep it.” Fifteen years later, we are all painfully aware that Obama’s promise was not a sincere one. The ACA’s mess of government subsidies and astronomical payouts have made the American healthcare system considerably more expensive than it needed to be. And now the Government shutdown is forcing Americans to consider the ACA in a whole new light, with COVID subsidies ending on November 1.

Here to talk about what this may mean is Nina Schaefer, Senior Research Fellow here at the Heritage foundation.

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