Abstract: The latest projections of the size of the federal debt by the Congressional Budget Office are gloomy. The CBO estimates that by 2035, Medicare, Medicaid, and Social Security will eat up 15 percent of GDP—with Medicare alone accounting for nearly 7 percent. These…
Abstract: The number of Americans who pay federal income taxes has been shrinking every year, with a recent report suggesting that less than half of American households owed federal income taxes in 2009. One of the key components of Obamacare, tax subsidies to purchase federally approved…
In 2003, the Medicare Modernization Act added a publicly funded prescription drug benefit to Medicare. Known as Part D, the program was a major expansion of Medicare. Economists Gary Engelhardt of Syracuse University and Jonathan Gruber of the Massachusetts Institute of Technology have examined…
The Patient Protection and Affordable Care Act (PPACA)[1] offers subsidies for most individuals who purchase insurance in the newly created health insurance exchanges—a premium assistance subsidy and a cost-sharing subsidy. These subsidies are the most expensive component of the overhaul, costing over $460 billion by 2019. Perhaps even…
The Patient and Protection and Affordable Care Act (PPACA) is one of the largest and most controversial pieces of legislation ever enacted. Many economists and policy analysts have very different views on what effect PPACA will have on business, government finances, and the health care industry. During the debate, the…
The Patient Protection and Affordable Care Act (PPACA), the health care bill signed into law by President Obama in March, will overhaul the current health insurance system by enforcing mandates on individuals and businesses, expanding Medicaid, and introducing new taxes and fines to help pay for the increased…
The Patient Protection and Affordable Care Act (H.R. 3590), the health care reform bill that was passed by the Senate and is now being considered by the House, promises to overhaul the current health insurance system by enforcing mandates on individuals and businesses, expanding Medicaid, and introducing new …
Abstract: Both of the current House and Senate health care bills disproportionately burden younger, healthier Americans with higher insurance premiums. To ensure that these young people buy health insurance anyway, Congress has decided to nudge them into purchasing insurance by enforcing a penalty…
Abstract: The Senate health care bill would overhaul the entire health care sector of the U.S. economy by erecting massive federal controls over private health insurance, dictating the content of insurance benefit packages and the use of medical treatments, procedures, and medical devices. It would alter…
Public support for health care reform is based on a desire to help the sick or, at the very least, to protect the non-wealthy from the financial impact of illness, chronic disease, and accidents. Unfortunately, the reform proposals under active consideration in Congress do precisely the opposite. In particular, the Baucus health reform…
The literature on the quality of Medicaid has mixed findings—some shows that having Medicaid is better than being...…
As small business goes, so goes the economy. They have been responsible for creating almost two-thirds of all net new...…
Many baseball fans and sports writers woke up yesterday morning scratching their heads to Cliff Lee’s decision to turn...…
Paul Winfree on the Costs of Obamacare on FNC Paul Winfree comments on the costs of Obamacare. …
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