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The bill comes due for Obamacare

October 16, 2013 • Editorial

Lost in all the recent debate about whether Obamacare should exist is this pertinent fact: With the rollout this month of new health insurance exchanges, it does exist — and it’s dramatically underperforming relative to the promises of its advocates.

Recall that when President Obama was touring the country, touting his proposed health care reforms, one of his most frequently employed arguments was that his plan would, in his Washington-speak formulation, “bend the cost curve down.” That curve is bending, all right — but not in the direction the president promised.

A recent report from the actuary at the Centers for Medicare & Medicaid Services estimates that cumulative health spending will Login to read more

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