Yahoo Finance October 11, 2019
Most things get cheaper and better over time: smartphones, cars, appliances, food. So why is health care such a glaring exception?
The Affordable Care Act, which Congress passed in 2010, expanded health care coverage to nearly 20 million Americans. But it was misnamed, because it didn’t make health care more affordable for most people. “Where we got it wrong is that we passed on too much cost to working Americans,” Bernard Tyson, CEO of health provider Kaiser Permanente, said at the Yahoo Finance All-Markets Summit on Oct. 10. “So you end up getting, an ‘affordable premium,’ but when you go in for care you discover you have a $1,000 deductible or a $5,000 deductible.”
Major health care advances are likely...
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