Healthcare Cost and Obamacare

Like all sentient people in the US, I have noted the staggering  increase in healthcare costs.   Compared to 1970, when national expenditures on healthcare (in 2023 constant dollars) were $450 billion, the US spent $4.87 trillion in 2023.  This represents about 17.6 percent of the Gross Domestic Product (GDP), and is projected to be 20 percent in 2033.  The per capita cost of healthcare in 2023 was $14,570, while most western European nations spend less than half of what the US spends (with universal coverage and better medical outcomes) .   Who Pays? Private insurance accounts for 30 percent of the…

by jpwmd December 25, 2025December 25, 2025