On Saturday, President Obama marked the birthday of his “most important domestic achievement” with a statement in which he catalogued the miracles this prodigy has already performed in its first three years. Among these, you may be surprised to learn, is that it is saving us money: “Most importantly,” he said, “the growth of health care costs is beginning to slow.” He made the same claim in his SOTU address, and his toadies in the establishment media dutifully repeated it, but the facts reveal this to be just another example of Presidential prevarication. In reality, the costs associated with...