America's fiscal health check: Health care task force tackles health care spending

With nearly one-third of the total $6.4 trillion in federal government spending this year on health care, it is time Congress follows the lead of American families and acts to get Washington’s health care spending under control. Today marks the inaugural meeting of the House Budget Committee Health Care Task Force, which aims to shed light on the pressing issue of rising health care costs and their implications on our nation’s budget.

The House Budget Committee holds primary jurisdiction over the Congressional Budget Office . It is our duty to ensure that CBO equips our legislators with the most accurate and up-to-date information possible. This will form the bedrock of informed policy decisions as it relates to health care, especially considering the critical issues at hand.

Acknowledging the Congressional Budget Office’s role in shaping policy, the CBO’s improved scoring of IRA’s drug pricing provisions is crucial. Notably, the CBO itself has recognized the cost-reducing impact of medical innovation and novel medicines in a recent letter to Senate Budget Committee Chairman Whitehouse.

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