13th February 2013
“Already, the Affordable Care Act is helping to slow the growth of health-care costs,” President Obama said during tonight’s State of the Union address.
Well, not exactly.
The Congressional Budget Office projects that health-care spending will grow rapidly when provisions of the Affordable Care Act are fully implemented by mid-decade, reaching 6.2 percent of GDP in 2023.
Perhaps what he meant to say was it was increasing the growth of health-care costs. Damned teleprompter….