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David M. Cutler

David M. Cutler

Otto Eckstein Professor of Applied Economics, Harvard University

Appears in 1 story

Notable Quotes

"The slowdown in medical spending growth is not only large substantively, it is unprecedented historically—since the advent of systematic data on medical spending in 1960, no 14-year period has seen as slow growth of medical spending relative to GDP as was realized over the 2010-24 time period."

Stories

U.S. health care spending growth hits its slowest stretch since tracking began in 1960

Rule Changes

Lead author of the Brookings paper

For decades, American health care spending grew faster than the economy, seemingly without limit. Government actuaries projected in 2010 that health care would consume 21.2 percent of gross domestic product (GDP) by 2024—roughly $6.3 trillion. The actual figure: 18 percent, about $977 billion less than expected. A new analysis presented at the Brookings Institution on March 27, 2026, concludes that the United States has genuinely bent its health care cost curve for the first time in the modern era.

Updated Yesterday