Chart Of The Day

Austin Frakt flags this graphic from economist Joe Newhouse's new article:

If health spending increases at just 2 percentage points above GDP(which is low by historical standards), government spending onnon-health goods and services must plummet (yellow line). If such areduction in government non-health spending seems unlikely too, then byprocess of elimination the health care cost curve must bend. Afterrejecting increased debt, taxation, or reductions in non-healthspending it's the only...