American health care spending has grown at a slower pace over the past four years.
While that is partly because of the recession, economists say, many credit the cost-containing forces unleashed by Obamacare with a significant assist.
Even at that rate, many models suggest that nearly 25 percent of gross domestic product will be eaten up by health care in 20 years. That is not sustainable.
“It’s like a diet you can’t just stop, because it’s starting to work,” said Michael Chernew, an economist at Harvard Medical School. “And remember, we haven’t even lost weight yet, we’re just gaining weight more slowly.”
http://www.nytimes.com/2013/12/22/sunday-review/health-cares-road-to-ruin.html?_r=0
While that is partly because of the recession, economists say, many credit the cost-containing forces unleashed by Obamacare with a significant assist.
Even at that rate, many models suggest that nearly 25 percent of gross domestic product will be eaten up by health care in 20 years. That is not sustainable.
“It’s like a diet you can’t just stop, because it’s starting to work,” said Michael Chernew, an economist at Harvard Medical School. “And remember, we haven’t even lost weight yet, we’re just gaining weight more slowly.”
http://www.nytimes.com/2013/12/22/sunday-review/health-cares-road-to-ruin.html?_r=0