Health Care Costs

During July the price of medical care fell for the first time in 35 years! Hard to say if Obama had anything at all to do with that, but a combination of the weak economy and so many people focusing attention on the dramatic increase in the cost of health care seems to have done at least something.

This is a really big deal because the cost of medical insurance has the potential of eating the entire increase in income that workers have been getting:

In reality health care costs will almost certainly level off, but if present trends continued than it really would be an issue.