Why Do Medical Care Costs Keep Rising? | Nina Schaefer
Heritage Explains
Heritage Podcast Network
4.7 • 847 Ratings
🗓️ 29 October 2025
⏱️ 16 minutes
🧾️ Download transcript
Summary
The Affordable Care Act was signed in 2010, with President Barack Obama promising that “If you like your insurance plan, you can keep it.” Fifteen years later, we are all painfully aware that Obama’s promise was not a sincere one. The ACA’s mess of government subsidies and astronomical payouts have made the American healthcare system considerably more expensive than it needed to be. And now the Government shutdown is forcing Americans to consider the ACA in a whole new light, with COVID subsidies ending on November 1.
Here to talk about what this may mean is Nina Schaefer, Senior Research Fellow here at the Heritage foundation.
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Transcript
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| 0:00.0 | Three, two, one, zero, all engine run. |
| 0:06.7 | There is no other institution that has the ability uniquely. |
| 0:11.3 | Without a heritage, every generation starts over. |
| 0:14.5 | To remind the current regime. |
| 0:18.6 | We the people tell the governor what it is allowed to do. |
| 0:21.9 | All the action to get back in their box and stay there. |
| 0:28.0 | Lift-off. |
| 0:28.9 | We have a lift-down. |
| 0:31.8 | From the Heritage Foundation, this is Heritage Explains. |
| 0:44.0 | Yeah. Foundation, this is Heritage Explains. If you like the plan you have, you can keep it. |
| 0:47.0 | If you like the doctor you have, you can keep your doctor too. |
| 0:50.5 | This is a clip of President Barack Obama in June of 2009, |
| 0:55.0 | selling the legislation that would become known as the Affordable Care Act. |
| 1:00.0 | And this statement that he was making is a key selling point. |
| 1:04.0 | Here he is four days later. |
| 1:06.0 | We will keep this promise to the American people. |
| 1:10.0 | If you like your doctor, you will be able to keep your doctor, period. |
| 1:15.3 | If you like your health care plan, you'll be able to keep your health care plan, period. |
| 1:22.0 | Here he is in July. |
| 1:23.6 | If you've got health insurance, you like your doctor, you like your plan, you can keep your doctor, you can keep your plan. |
| 1:29.3 | And in August. |
| 1:31.3 | If you like your doctor, you can keep your doctor under the reform proposals that we put for. |
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