Thursday, January 13, 2011

Chart of the Day

The stated rationale for Obamacare was "rapidly escalating healthcare costs." One way it was supposed to do that was by increased Federal control of insurance rates (i.e., central planning)--destroying private health insurers in the process.

Which is crazy because, as AOL News opinion editor John Merline writes:
On a per-enrollee basis, private insurance spending has climbed at about half the rate of Medicare since 2005.

Over the longer term, government health care spending has climbed faster that private spending in eight of the past 10 years.

More evidence that Obamacare is "the worst of all possible worlds."

(via reader Warren)

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