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Dec 03

Health Care Costs Accelerating Faster

anguish

It is the dream of every truster of government: universal, government-dispensed health care, made cheaper by eliminating the profit motive from the industry.

Unfortunately, it never works. Every government program which subsidizes health care simply increases demand without increasing supply, causing prices to rise faster than inflation.

Now, after Obamacare has come completely on line, there are new data showing that health care costs are skyrocketing faster than during any year of the Obama presidency. See here. So much for “affordable” care.