Health care expenditures still headed upward

After many promises that Obamacare would bend the cost curve down and begin reducing health spending in the United States, the international health care spending datasets are telling a different story.

Following a long wait, the World Bank has finally released its 2013 health expenditure data.  Since the Affordable Care Act was signed into law, American per capita health spending in constant dollar terms is still continuing upwards.  After 2011, the increasing trend has been about equal to the long-term two-decade trend.

To date, there has been no evidence that ObamaCare's stated goal of reversing health care spending trends is being met.