Last week, Congress sent to President Barack Obama a budget plan that includes language to repeal the Affordable Care Act. With a veto looming over this legislation, all eyes will once again be focused on Obamacare and how it has contributed to skyrocketing health care costs.
According to a new report from the Centers for Medicare and Medicaid Services, per person spending on health care rose to $9,523 per person in 2014. Health care spending rose to 17.5 percent of GDP last year. And the Kaiser Family Foundation this fall released data showing deductibles have increased seven times faster than wages since 2010.