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Cato Daily Podcast
Recovery and the Unfulfilled Promises of Obamacare
Nov 6, 2023
This podcast explores the unfulfilled promises of Obamacare, discussing rising health insurance prices, gaps in the system, and the need for reform that puts individuals in control of their healthcare decisions. It also examines the relationship between health insurance and universal healthcare, the impact of falling prices on making healthcare more universal, and how health insurance affects the patient experience by focusing on negotiating prices instead of providing transparent pricing.
13:59
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Quick takeaways
- Obamacare failed to deliver on its promises of affordable and universal healthcare, with rising premiums and backdoor discrimination by insurance companies.
- To increase healthcare affordability and universality, prioritizing price reduction and making patients price-sensitive is crucial, as proven by experiments conducted by employers.
Deep dives
The Broken Promises of the Affordable Care Act
The Affordable Care Act (Obamacare) promised to protect patients from unaffordable medical bills and make healthcare more affordable and universal. However, the law has not lived up to these promises. Health insurance premiums have risen dramatically, even for people who could previously afford insurance. Insurance companies have engaged in backdoor discrimination, making coverage worse for people with expensive medical conditions. The law did not prioritize patients' rights to make their own healthcare decisions and control their healthcare dollars.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode