The Center for a Free Economy believes that reforming federal entitlements is absolutely necessary to preserve economic freedom for everyone. Failure to do so will result in a federal government spending situation unprecedented in U.S. history.
Social Security, Medicare, Medicaid, and Obamacare are the biggest entitlements that, if left unreformed, will bankrupt our country. Serious policymakers must have a plan for reforming all four.
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The Center for a Free Economy commissioned a poll by McLaughlin Associates of 1000 likely voters over the age of 65. We found that 86 percent of senior citizens agree—with 68 percent strongly agreeing—that drug price discounts negotiated by insurance companies should be passed on to consumers to lower out-of-pocket expenses at the pharmacy counter. This is otherwise known as "rebate reform." The data is unambiguous, and elected officials have a clear responsibility to act. Ensuring the affordability of prescription drugs is vitally important to voters across the United States. In these times of uncertainty, policymakers should be enacting free market measures to drive down the costs of medicines for the American people at the pharmacy counter rather than resorting to government price controls that result in less health care and state rationing of health care. Government should never get between you and your doctor. Links to: Press release Slide [...]
By Ryan Ellis An emerging axiom in politics is that the political party that is trying to take healthcare choices away from people loses, and the opposing party wins. The conservative House Republican Study Committee seems to have learned that lesson in their impressive new healthcare plan, particularly when it comes to the most important healthcare voters: seniors. The first order of business in any healthcare plan is to tell people that the latest big ideas from Washington won't threaten the healthcare they have and mostly like (the devil they know). The Republican Study Committee plan smartly begins with this defense and does not skip over it. House conservatives are committed to protecting seniors over age 65 (as well as the somewhat younger seniors transitioning from the workforce into retirement) from the destabilizing effects of “Medicare for All” socialized-medicine schemes. Seniors know that Medicare for All means much higher taxes [...]
Chris Pope- In a rare op-ed, President Trump recently suggested that “Medicare for All” proposals gaining popularity among Democrats would “demolish” the Medicare benefits that seniors expect to rely on. This provoked Senate minority leader Chuck Schumer to issue an angry rebuttal scrawled in red pen, in which he denied that Democrats supported single-payer health care and declared suggestions that Democrats had plans to outlaw private health insurance “NOT TRUE.” Schumer’s outburst was a scream of despair from an electorally oriented Democratic leader at the idea that his party supports a single-payer health-care scheme. But his quarrel is with those who are capturing his party, not those pointing out what it’s pushing. While most members of Schumer’s Senate Democratic caucus may be opposed to single-payer, 123 of 193 House Democrats have cosponsored sweeping “Medicare for All” legislation to make the federal government the sole purchaser of America’s health-care services — [...]
By Ryan Ellis The Congressional Budget Office (CBO) this week released their new "Budget and Economic Outlook" for 2018. As usual, it has all sorts of facts and figures that policy nerds in and out of Washington, D.C. have been commenting on. One of the biggest fights is about the source of the long term fiscal imbalance everyone agrees will get worse and worse over this century. One side is well represented by a Washington Post op-ed of very prominent Democratic economics luminaries, who blame the Tax Cuts and Jobs Act of 2017. Correcting them in a fairly big way was Brian Riedl of the Manhattan Institute and Dan Mitchell. Each of them proves, beyond a shadow of a doubt, that at least 100 percent of the blame must fall on the spending side of the ledger. Calls for higher taxes as an act of fiscal responsibility ignore these facts. [...]