Yesterday the nation’s largest health insurance trade group, the America’s Health Insurance Plans (AHIP), unveiled its proposal for major reform of the U.S. health care sector. AHIP President Karen Ignagni told the Los Angeles Times, “The nation is on the eve of a national discussion about healthcare. This comes around …
Most people are skeptical about statistics, claiming that mathematically-minded people just bend numbers to their will. But when it comes to long term budget projections, economists from the left, right, and center all agree we on an unsustainable course, and that the entitlements—Social Security, Medicare, and Medicaid—are the main driver …
As we’ve documented before, one of the major selling points liberals deploy when arguing for socialized medicine is how much government run health care will save Americans in administrative costs. And it is true: Medicare does not spend nearly as much on oversight as private insurance does managing claims. But …
The bailout parade is continuing unabated in Washington this week. On the heels of a $25 billion bailout for the automotive industry, the Bush Administration agreed yesterday to a $4.3 billion bailout of Massachusetts’ out of control health care spending. Apparently when numbers like $700 billion are being thrown around, …
Former Comptroller General of the United States and Fiscal Wake-Up Tour star David Walker outlines how our impending entitlement crisis parallels the current subprime mortgage mess in the Financial Times: … a lack of transparency facilitated the crisis. Banks and other financial institutions created off-the-books entities so that regulators would …
When it comes to retirement and pension benefits, federal, state, and local government officials have all been humming the same mantra: never pay for something today if you can put off paying for it until tomorrow. Unfortunately, tomorrow is here. The federal government is on the hook for $41 trillion …
