by John R. Graham
Pacific Research Institute
January 26, 2012
A funny thing happened on the way to the so-called health reform promised in the Patient Protection and Affordable Care Act, signed by President Obama on March 23, 2010: Although the cost of health care has increased at a slower rate than in previous years, premiums for health insurance and the share of premiums used for purposes other than paying claims have been increasing faster than in previous years. That’s not exactly what President Obama promised, is it? In fact, it is the opposite of what he promised. What is going wrong?

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