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Opinion: Healthcare costs are driven by technology, not presidents

Bloomberg, September 23, 2013
Yesterday I attended Brookings Papers on Economic Activity to watch some of the smartest economists in America debate some of the most interesting papers. The very first paper presented is of particularly timely interest: "Is This Time Different? The Slowdown in Healthcare Spending." Those of you who do not spend many happy waking hours parsing health statistics may be unaware that the rate of increase in health-care spending has slowed in recent years. The administration and not a few people in the press are fond of claiming this as a victory for President Barack Obama's Patient Protection and Affordable Care Act, aka Obamacare.