Number: RL33759 Title: Health Care and Markets Authors: D. Andrew Austin, Government and Finance Division Abstract: Health care spending is one of the most rapidly growing portions of the federal budget. Projections suggest if the rapid growth in health care costs is not curtailed, governments at all levels will face an uncomfortable choice between significant cuts in other spending priorities or major tax increases. This report examines the economic justification for government intervention and involvement in health care markets. Pages: 30 Date: March 9, 2007