One More Reason To Feel (Pretty) Good About Obamacare

Millions of additional people now have health insurance thanks to the Affordable Care Act and the historic expansion of coverage it has made possible. But the nation’s total spending on medical care hasn’t exploded, as legions of “Obamacare” critics predicted it would.

In fact, America’s health care bill is turning out to be a lot smaller than economists thought it would be by this point.

That’s the conclusion of a new paper by John Holahan and Stacey McMorrow, researchers at the non-partisan Urban Institute. The aim of the paper is...