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Lev Klarnet

Lev Klarnet

Ph.D. candidate in economics, Harvard University

Appears in 1 story

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

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Co-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 2024β€”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.

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