Actuaries at the Center for Medicare & Medicaid Services, or CMS, issued a new report this week on the growth of health care costs. Not surprisingly, the Obama administration was quick to spin the release as vindication of the national health care law. “This report provides more evidence that the health care law will help control costs and save money for families while extending coverage to millions of Americans,” Health and Human Services Secretary Kathleen Sebelius claimed in a statement. In reality, the new CMS data actually confirms what Obamacare’s critics have been saying all along — that the law will fail to contain health care costs, which was the primary justification for its existence.
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