Judging from all the cheering going on among Obamacare enthusiasts–including the usual suspects such as Paul Krugman as well as the president himself–you would think Obamacare had bent the cost curve. This should not be a surprise given that President Obama pointed out 6 years ago, “Every single good idea to bend the cost curve and start actually reducing health care costs [is] in this bill.” If the law failed to bend the cost curve, there surely would be a lot of ‘splainin’ to do.
The jury’s still out, but from what we know so far, it appears that someone better be working on that explanation.
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