October 14, 2015
Yep, it’s hard to find out about the path of health care costs. You would probably have to go to one of the government websites, or read a newspaper, or maybe even listen to National Public Radio. In a piece discussing Republican presidential candidate Jeb Bush’s health care plan, which repeals the Affordable Care Act (ACA), NPR told listeners that health care costs have been growing rapidly.
This is in fact not true. Since 2008, health care costs have barely outpaced the overall growth of the economy. While the exact causes of this slowdown are not clear, including how much credit the ACA should get, the slowdown itself is not in dispute.
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