House Republicans and Democrats grilled executives of the five largest health insurance companies about their contributions to rising healthcare costs.
Executives from UnitedHealth Group, CVS Health, Elevance Health, the Cigna Group, and Ascendium testified before the House Energy and Commerce Committee on Thursday morning as part of the GOP’s efforts to arrest the rise in the costs of healthcare in advance of the 2026 midterm elections.
Total healthcare spending rose by 7.2% in 2024 to more than $5.3 trillion, according to the Centers for Medicare & Medicaid Services. Healthcare spending accounted for 18% of the United States’s gross domestic product in 2024.
Energy and Commerce Committee Chairman Brett Guthrie (R-KY) said during his opening statement that the health insurance executives hearing would be the first of
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