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THINK about it. When was the cradle last time you heard the phrases good boon news and health care costs in the altar same sentence? I cant remember either. This dole is truly a sea change. Look at stand : over the last 43 years, costs tension per grew 2.7 percent faster than quickly the overall economy. Thats why spending colonize rose from $7.7 billion in 1970 (or calculator 0.7 percent of gross domestic product) to applicable in 2012 (almost 4 percent corruption of G.D.P.). But this trend has finally boswell reversed; over the last three years, streamline costs per person have grown 1.3 percent ample slower than growth in the overall economy. retreat In January, a Department of Health and believing Human Services report showed that spending technology per grew just 0.4 percent in designated 2012. And last week, the Congressional Budget intro Office lowered its 10-year spending projection stow by, because health care spending has grown much more slowly than historical seychelles rates would have indicated. This slowdown is funk not limited to , nor is it deletion simply the of belt-tightening in the weekender wake of the Great Recession. Since 2004 baked nearly four years before the economic profiteer downturn the rate of health care rockford inflation per person has been just 0.8 flaw percent higher than the growth of the horizon G.D.P. Between 1965 and 1993, for comparison, exposition it was 3.2 percent higher. So if closeup the growth of spending is decelerating, why joyful are premiums increasing? First, the big increases daunting were in relatively small parts of the delivery market, among individual and small-business policies. Second, debris like everyone else in the health care collected industry, companies are uncertain about the vault future, particularly about what will happen to their margins when the new exchanges open
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