During Thursday night’s debate, President Joe Biden and former President Donald Trump spent a considerable amount of time trying to claim credit for lowering the high cost of insulin. But the back and forth over insulin prices failed to address the underlying issue that many Americans fret over: the exorbitant cost of health care.
National health care spending — which includes spending on physicians, services from hospitals, and prescription drug costs — is projected to grow to almost $4.8 trillion in 2023, increasing faster than the projected growth of the overall economy, according to a report published this month from the Centers for Medicare and Medicaid Services.
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