Even with PPACA out of pocket healthcare expenses have eaten up more of citizen's income. Employers and Uncle Sam conspired to shift responsibility for healthcare to the individual while generating market opportunities for companies to profit handsomely off the suffering of people.
So how do the people feel about healthcare? Lawyers were more esteemed than the healthcare industry in an August 2016 survey. Only the federal government fared worse than healthcare and pharmaceuticals.
Citizens have paid more out of pocket and gotten less. My employer sponsored insurance covers less every year and my out of pocket expenses, solely for physician visits, soared in 2016. Healthcare earned its sorry reputation by overcharging while cutting service and coverage levels. The data shows both.
I can imagine healthcare getting worse as healthcare corporations optimize profits for their PEU owners. Yes, PPACA kicked off huge private equity investments in health care companies. Those firms have funneled massive amounts to sponsors. Some affiliates will need to be flipped or returned to debt holders, like The Carlyle Group's HCR ManorCare.
KKR's HCA and Carlyle's ManorCare are but two windows into the PEU healthcare world. Neither reduced costs during the Obama years.
People sense something is terribly wrong in healthcare. It's hyper-profitization, the want for the greed and leverage boys to grow their billions in holdings. Smile pretty, because they want to profit from your misery and suffering.
Update 9-25-19: PPACA Report Card: Employers shifted costs to employees via higher deductibles and increased co-pays. PPACA has not helped make healthcare more affordable. It has made a lot of money for the PEU boys.
Update 4-16-20: A coronavirus pandemic revealed
America's broken healthcare system and PPACA's many shortcomings. How
many 22 million newly unemployed can afford the premiums? How many of
these will get COVID-19 and die at home without proper care?
Update 1-20-22: In 2020, the average health insurance premium contribution was 6.9% of median income, while the average deductible was 4.7%, combining for a mighty 11.6% of median income. Curve not bent in the least.
