Noah Smith writes about health care costs:

So overall, health care is probably now more affordable for the average American than it was in 2000 — in fact, it’s now about as affordable as it was in the early 1980s. That doesn’t mean that every type of care is more affordable, of course. But the narrative that U.S. health costs just go up and up relentlessly hasn’t reflected reality for a while now.

And he has the data to back it up, though some of it feels like playing the denominator whack-a-mole. Interesting regardless. (ᔥTyler Cowen)