WASHINGTON - For many Americans – individuals, families, and job creators – the high cost of health care is a serious financial burden. It is also a key contributor to the federal government’s rising debt. To address this challenge, it is important to first understand what is driving the cost of health care in America.
In a video released today, House Budget Committee Chairman Tom Price, M.D. (GA-06) outlines the three biggest cost drivers in health care – taxation, regulation, and litigation – and then a fourth element that’s somewhat unique in its effect on the cost of health care.