Obamacare covers 14% of Americans, give or take. Roughly half buy a policy in the ACA marketplace. The other half are on expanded Medicaid and getting a free ride.
How much does the federal government spend on ACA?
In 2023, federal subsidies for health insurance are estimated to be $1.8 trillion, or 7.0 percent of gross domestic product (GDP).
Furthermore, they confirmed high-income individuals will receive fully taxpayer-subsidized health insurance under the policy. Just five years ago, annual spending
insuredandmore.com
- Coverage obtained through the marketplaces established by the Affordable Care Act or through the Basic Health Program—$1.1 trillion (4 percent)...
The cost of those subsidies has more than doubled since Obamacare passed and they are still rising rapidly.
Clearly, Obamacare is unaffordable. We cannot toss 7% + of our GDP to subsidize health insurance for 14% of our population. That's nothing short of insane. By extrapolation, if Obamacare covered everyone in the US, half our GDP would be eaten up subsidizing it. That is unsustainable.
The UK spends about 12% of their GDP on healthcare and its ruinous. Canada, likewise is up to almost 16% and it's devastating their economy.
I gave sources. As for government spending, it detracts from the economy more than it benefits it. You cannot tax and spend your way to wealth.