By this point it is widely understood that health care costs represent the largest single factor behind growing federal budget deficits. During 2009 and 2010 the Obama administration argued for passing the Affordable Care Act by claiming it would substantially slow this drain on federal spending. Yet since the ACA was passed in 2010, it has become far more unlikely that Obamacare will do much to slow the pace of health care spending. While some of its provisions, such as encouraging Accountable Care Organizations and electronic medical records, will exert some marginal spending improvements after many years, health care will continue consuming more of America's GDP.
