Health Care Costs Rising At Lowest Level Recorded, Partly Thanks To Obamacare

The Council of Economic Advisers says hundreds of thousands of new jobs will result from the slow-rising cost of health care.

Reduced health care costs for employers could lead to 200,000 to 400,000 new jobs per year by the second half of the decade, said Jason Furman, the chairman of the Council of Economic Advisers.

“If just half the recent slowdown in spending can be sustained, health care spending a decade from now will be $1,400 per person lower,” Furman said.

The Council of Economic Advisers report released Wednesday also said health care inflation is the lowest it has been in 50 years.

The Affordable Care Act is, in part, responsible for the lower costs, Furman and other health experts agree, while Republicans say the declining rate of increases comes purely because of the slowed economy.

By: Alan

Alan Colmes is the publisher of Liberaland.