Fox Business October 29, 2019
Doug Badger, visiting fellow at The Heritage Foundation, explains why the government’s health care spending is a threat to our country’s future economic growth.
Few factors are more critical to economic growth than health care. And few threaten future economic growth more than health care spending.
That conundrum lies behind continued political agitation over health care, both in the U.S. and throughout the highly-developed world.
Advances in medicine have eradicated diseases, extended life expectancy, reduced infant mortality and increased productivity. But rising medical spending also has suppressed wages, pressured government budgets and siphoned public resources from infrastructure, education and other investments.
Health spending constituted 17.9 percent of U.S. economic output in 2017...
Today's Sponsors
Today's Sponsor