It is worth considering that one reason why health cost growth is moderating is that we are doing a bunch of things right. It might even be that the lower rates of increase in cost reflect slow but measurable progress in our battle against intractable human illnesses such as heart disease and cancer.

And, by the way, British, French, and Canadian health costs (as a percentage of GDP) are increasing at a rate that will cause them to catch up to us within the next decade.