Did you happen to notice that one of the consumer products that saw a surge in inflation over the last year was…medical insurance which was up 24%?
Hmmm. How could that be? A dozen years ago Barack Obama signed into law the “Affordable Care Act” to permanently lower health insurance costs. And ever since then Congress keeps making the subsidies more generous in order to hold down costs. How’s that working out?
We will say it again: If you think The Affordable Care Act made health care more affordable, you probably are gullible enough to believe the Inflation Reduction Act will lower prices.