No, say AEI's Thomas Miller and Abby McCloskey writing in the Wall Street Journal. You may have heard the president boast about Obamacare's effect on the rate of growth in health care spending: "I'm not going to walk away from something that has helped the cost of health care grow at its slowest rate in 50 years," he said. On Wednesday, the White House Council of Economic Advisers published a report claiming that "the ACA is contributing to the recent slow growth in health care prices and spending." The authors refer to this claim as bordering on "nonsense." National spending on health care is projected to reach a record $2.9 trillion in 2013, according to the Centers for Medicare and Medicaid Services. This is more than 25% above pre-recession spending levels in 2007. Health-care expenditures per capita and as a percentage of GDP are also at record highs, expected to top out this year at $9,216 and 18% respectively. The only apparent bright spot is that the...(Read Full Post)