Macroeconomics

What does the iphone5 have to do with Obamacare?

Affordable Care Act: a political impossibility for a responsible government.

President Obama on Thursday gave a speech in favor of the Affordable Care Act, and revealed the real challenge of Health Care cost in contemporary America. Without acknowledging it, the President just asserted the problem: choices for Health Care are neither complete nor comparable. Young potential insurance buyers are not hesitating about which insurer to shop for first, but for paying their next iphone bill. There is where the biggest health care cost inconsistency lays.

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