Health Spending Ticks Up, But Obamacare Proves It Can Be Controlled

President Obama and Vice President Biden applauding as the House passes the health care reform bill, March 21, 2010. Sorry, Republicans, the millions of people who've gained access to health insurance—and healthcare—thanks to Obamacare are not bankrupting the country. And it doesn't look like they will be any time soon. While the millions of new people entering the system have driven healthcare spending up faster in the last year it's no reason to panic, says the Office of the Actuary, an independent auditor for the Centers for Medicare and Medicaid Services.

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