The Law of Unintended Consequences
Posted by lex, on January 14th, 2012
It hasn’t been repealed yet, according to Reason‘s Peter Suderman:
In a Washington Post op-ed titled “The Affordable Care Act, helping Americans curb costs,” Health and Human Services Secretary Kathleen Sebelius touts ObamaCare’s alleged cost-control provisions, noting that “one of the major reasons we passed the Affordable Care Act was to bring down costs…”
You’ll notice, however, that there’s something missing from the op-ed: any mention of actual health insurance premium prices. That’s not particularly surprising, I suppose, given that the premise of the piece is that the law helps make health care cheaper, yet since the law passed, family health insurance premiums have risen substantially faster than in the years before the law went into effect, rising nine percent following several years of three to five percent rises.
Increasing demand on a static supply system raises costs?
Who knew?