In 2008, candidate Obama promised that his administration would cut health care premiums by $2,500 per year per American family. But, since 2009, premiums have risen by $2,370 a year.
This is a huge hit on family budgets. It will get a lot worse.
Government is in charge of American medicine. State governments license physicians and hospitals. This restricts supply. The federal government provides about $11,000 a year in “free” Medicare services to each oldster. This increases demand. The combination of restricted supply and added demand drives up prices. This is not going to change. It is going to get a lot worse.
The voters will scream for relief. The federal government will respond: lower payments to hospitals and physicians. That will cause some physicians to retire early. Others will stop treating government-funded patients. Supplies will decline. The government will then mandate rationing.
This is why you had better have a good relationship with your physician. If you move, find a new one fast.
Health insurance premiums are becoming the biggest single monthly payment after mortgages.