Under control of third party payers, healthcare spending has been increasing steadily since the 1960’s. Here is the raw data as published by CMS:
Rate of increase in healthcare spending:
Reagan years – 95.7%
Clinton years – 44.5%
GW Bush years- 61.3%
Obama years – 28.5% This includes only the first 7 years. When the 8th year is added, it will likely increase to about 33%.
Clinton years – 44.5%
GW Bush years- 61.3%
Obama years – 28.5% This includes only the first 7 years. When the 8th year is added, it will likely increase to about 33%.
In other words, our extremely high healthcare costs have been created by a broken system that long preceded Obamacare. The last 8 years have seen the slowest growth in healthcare spending on record in the US. Since cost is the single biggest problem of our healthcare system, repealing Obamacare is not a solution.
Healthcare Reform Matters 