What was your outrageous Obamacare premium and deductible? Are the conservative's anecdotes true?

I might be downvoted to hell for this, but I want to add something.

The ACA was not only meant to provide insurance for those who otherwise couldn't afford health insurance. It's also a way to lower the price of health care in general.

If you're an American taxpayer, you pay more in taxes that go towards healthcare than someone in England. Yet, you don't have anything to show for it in terms of the healthcare you get, while those in England are fully covered. Why is that? There are a bunch of reasons.

First of all, healthcare demand is (in terms of economics) price inelastic. That means you're going to pay for your life-saving healthcare treatment regardless if it's $20 or $2,000. So why would companies and hospitals charge less when they could charge more?

Furthermore, many people can't pay for the outrageous prices for healthcare. They still get treatment for their ailments, though. To try to get some more of their money back, hospitals hike the prices for other people.

The ACA was going to control the prices of healthcare through price controlling measures. We would eventually be spending less on healthcare in general, which would eventually make insurance cheaper for everyone.

/r/AskReddit Thread