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I am here with Dr. Lawerence Baker from Stanford Medical School and we are going to talk about health care costs or healthcare economics which you are an expert in.

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So all of these charts have a similar shape, essentially measures of how much we are spending on health

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care - so this first right right here is total health spending 1960 to 2009 that is US and that is data that

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is compiled by the Federal Government since 1960 this is not adjusted for inflation, not adjusted for anything. That is the total dollar value the folks in the

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federal government would like to calculate for the amount we spend in a given year on healthcare. So someone looking at this data

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point may say okay, this is not inflation adjusted maybe the inflation curve is also growing up, the

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actual nos seem to be logged, By 2008, we are several years past that we are 2.5 trillion dollars just