The health care cost curve is bending.

The Health Care Cost Curve Is Bending

The Health Care Cost Curve Is Bending

Moneybox
A blog about business and economics.
Aug. 2 2013 4:20 PM

The Health Care Cost Curve Is Bending

fredgraph-6

This is the ratio of health care jobs to all jobs. As you can see, in 2013 it's been falling.

This sort of thing is the concrete manifestation of a bending health care cost curve. It happened in the late-1990s as well when HMOs were containing health care spending. The difference was that back then overall employment was booming, so it only took a minor kind of restraint in health care job growth to push the ratio down. So far 2013 has been a year of growth, but far from a boom year. Nonetheless, the non-health economy is adding workers faster than the health economy is even while the population ages.