Wanted: A Healthcare Policy That Addresses Costs
All the ruckus about “repeal and replace” re. the Affordable Care Act dances around a basic, fundamental issue that even the ACA hasn’t addressed effectively: the growing cost of health insurance and medical costs. Rapidly rising health premiums and out-of-pocket costs wiped out most of the real income gains for a media family from 1999 to 2011, according to Health Affairs. In the last ten years, average premiums for a family health plan have increased 31%, to $18,000 annually, according to the Kaiser Family Foundation. Nobody says the fix for this long-in-the-works (it pre-dates the ACA) problem won’t be a tough one, reports Bloomberg Businessweek, but isn’t that what legislators are paid to sort out? Isn’t that “the job” of policy makers?
John Howell, Editorial Director