The real impact of Obamacare

Leave a comment

November 26, 2013 by Tony Novak

The largest impact of Obamacare has not made news headlines yet. The Wall Street Journal sums it up today: “According to health-care actuaries at the Centers for Medicare and Medicaid Services, health-care spending will begin spiraling upward again starting next year, as the Affordable Care Act takes full effect. It will reach $5 trillion in 2022”, That means that within the next decade we will be spending over $14,600 per person compared to about $9,000 per person today. That huge increase in spending means that more than one dollar out of every five in our entire economy will be spent on health care. It means that each year a smaller percentage of our total budget will be available for food, housing, education and consumer goods. I think that almost no one has fully contemplated what this shift in spending will do to our economy and the impact it will have on our everyday lives. This disproportionate level of spending is unsustainable and will have dire consequences on the future of our nation and the financial prosperity of our children.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: