by James Hickman
Schiff Sovereign
It was March 23, 2010, when Barack Obama signed his infamous “Affordable Care Act” into law.
And in theory it was a nice idea. Healthcare in the US was incredibly expensive, and he wanted to bring costs down. But the execution was abysmal.
Since 2010, the number of uninsured Americans is still far, far beyond their most conservative projections. Medical costs in the Land of the Free have soared to record highs, vastly outpacing both inflation and wage growth.
According to the US Labor Department’s Consumer Expenditures data, for example, Americans spent 6.6% of their household budgets on healthcare back in 2010 before Obamacare was enacted.