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They effectively lost it with the implementation of Obamacare. The premiums and deductibles are so high that the plans only really protect against catastrophic loss for an obscene monthly cost.

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The rate of increase of health care costs has been significantly lower since Obamacare passed than it was before.

I do not believe this is true. Please cite your sources.

Medical Care - Bureau of Labor Statistics Data[0]: default is 10 year view, but changing it to 2000-2016, and adding yearly data, see [1]

[0]http://data.bls.gov/timeseries/CUUR0000SAM?output_view=pct_1...

[1]http://imgur.com/a/lUR7o

Cost of care has always been super high. What has changed is how much of that people have to pay because of health insurance going to shit.

60% YoY premium increase for the last 2 years on my parents' plan with a $13k deductible. Highest increases they have ever had. It's an anecdote, but it's certainly antithetical to what you said.

> the plans only really protect against catastrophic loss

Isn't that the idea of insurance?

That's not health insurance in the US. Here it's more like a payment plan on future service. I can't wait until the car insurance industry gets on board and starts covering preventative care such as oil changes, air pressure checks, and windshield wiper blade replacements.

No, insurance can protect against any losses.

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