Share of Economy Spent On Health Care Shrinks

The Washington Post reports on new data that shows that health spending, as a share of the economy, has shrunk. The Post further reports: '"There are two explanations,' says David Cutler, a Harvard economist who served as a health care adviser in President Obama's 2008 campaign. 'One is the recession was a big and drunken episode that has a very long hangover. The alternative view is that something big has actually changed.'"