Personal Consumption Health Care Spending Soaring Under Obamacare

On so many fronts, the promises made about Obamacare are not matching up with reality.

With ever increasing amounts of data becoming available, the trajectory is not good.  The Federal Reserve Bank of St. Louis has just released the latest quarter of data on real personal consumption expenditures for health care.  On an inflation-adjusted per capita basis, health care spending is soaring.

This wasn’t supposed to happen!