We're Spending Less On Health Care Than We Thought We Would Before Obamacare

WASHINGTON -- Twenty million or so more people have health insurance now than they did before Obamacare, and yet the American health care system is on track to spend $2.6 trillion less from 2014 to 2019 than before the Affordable Care Act became law.

That's right -- $2.6 trillion, which is equivalent to about 1.5 percent of U.S. gross domestic product. That's the conclusion researchers at the Urban Institute came to when comparing health care spending projections made in 2010 before Congress passed the ACA, and projections made later that year after President Barack Obama enacted the statute, with more recent findings.