I have been worried about healthcare costs for a long time, so the fact that we’ve had a few years in which healthcare costs have risen more slowly than normal hasn’t got me overly excited. I’ve seen this happen before, and worry that costs will accelerate again soon.
But a recent study suggests that this trend should give me reason for optimism. Healthcare costs actually went down as a proportion of the US GDP:
I am not stupid enough to try to predict the future. But I do promise in the future to keep you informed about what we’ve learned about the recent past. And I hope in the future that our news is as good as what I have communicated to you today.
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