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The annual growth rate in US healthcare spending per person is lower than it has been in years, but have we solved the healthcare spending problem? NERA President Dr. Lawrence Wu, an expert in the area of healthcare competition, was invited to share his insights in the first of the Chicago Economics Society Speaker Series hosted by The University of Chicago Alumni Club of the Bay Area. The inaugural event was held in San Francisco on 11 October 2013. Dr. Wu, who earned his PhD in economics from the University of Chicago Booth School of Business, discussed the economic factors that are behind the rise in healthcare costs and the role of competition and innovation in controlling those costs in the future.