Congressional Budget Office (CBO) Director Douglas Elmendorf recently spoke at the University of Southern California about the economic impact of Obamacare. He predicts that Obamacare will further depress the nation’s employment picture. CBO’s analysis of Obamacare predicts that it will reduce the amount of labor being used in the economy …
Should Americans be forced into mandatory participation in a government-run long-term care Ponzi scheme? Or is a taxpayer bailout of another congressional misadventure a better idea? These may be the choices confronting a future Congress if the Community Living Assistance Services and Support (CLASS) Program is left intact. CLASS is …
The Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) just updated national health spending projections as a result of the Patient Protection and Affordable Care Act (PPACA). While many of its estimates are disconcerting, one estimate in particular is eye-popping and will be unwelcome news …
One week ago, Members of the House of Representatives stopped spending taxpayer money and began a six-week vacation. Unfortunately, they came back five weeks early. House Speaker Nancy Pelosi has summoned Members back to Washington to debate an extension of Medicaid and education bailouts. The House will vote today to …
Brian Riedl argued in a Washington Times piece on Tuesday that the Community Living Assistance Services and Supports (CLASS) Act should be repealed. CLASS, a government-run long-term care (LTC) insurance program, has been widely panned by actuaries as unsustainable and likely to result in a future taxpayer bailout. Howard Gleckman …
State legislators and governors will face many challenges implementing the provisions of Obamacare. In a new Heritage Foundation study, Ed Haislmaier and I analyze the components of Obamacare that detrimentally affect states and make recommendations for how states should respond to the new law. Of the many impacts on states …
This week Congress, in its consideration of HR 4213 (American Jobs and Closing Tax Loopholes Act of 2010) is going to tap into taxpayers wallets once again to bailout Medicaid, a government health program administered by the states for the poor and the indigent. Many governors are feverishly lobbying for …
