Relevant and even prescient commentary on news, politics and the economy.

World Economic Meltdown: Crisis for Social Insurance Solvency? Or opportunity to Kill It?

by Bruce Webb Well the Republican Party and economic conservatives generally have made their position clear, they are openly using the current meltdown as an opportunity to kill Medicare and Social Security as they exist today. We saw this at the Stimulus Summit where the very first question by the Republicans, coming from Senate Minority […]

The Fierce Urgency of "Nothing" (the Democratic plan for Social Security)

by Bruce Webb Andrew Biggs references an editorial from the Charleston SC Post and Courier Advance Entitlements Reform However, President Obama’s major entitlement-reform offensive strikes on the Medicare front. He proposed, in his speech to Congress, to deliver “quality, affordable health care for every American” while also bringing runaway costs under control. That challenging goal […]

Krugman was Wrong today

Ken Houghton Or at least optimistic. McCain is going after Medicare and Medicaid. But Douglas Holtz-Eakin, Sen. McCain’s senior policy adviser, said Sunday that the campaign has always planned to fund the tax credits, in part, with savings from Medicare and Medicaid. Those government health-care programs serve seniors, poor families and the disabled. Medicare spending […]

Soc Sec XXXIII: Medicare Finance

I don’t claim to have studied Medicare in depth. They send me the Reports in the same envelope with the Social Security Reports and I browse through them, but that is pretty much it. So this post is more of a call for people more informed on aspects of Medicare to chip in. But I […]

Did Part D Work?

Mark Duggan and Fiona Scott Morton published a paper at NBER with this general conclusion: Using data on product-specific prices and quantities sold in each year in the U.S., our findings indicate that Part D substantially lowered the average price and increased the total utilization of prescription drugs by Medicare recipients. Our results further suggest […]