- Health care spending drops back to 17.3% of GDP.
- A less rosy view of the future of heath care spending.
- Paragon Health Institute: Medicaid expansion leads to a surge in spending, but reduces healthcare access for traditional Medicaid enrollees such as low-income children and people with disabilities and it doesn’t improve health.
- Biden: IRA drug rebates are saving seniors “as much as $618 per average dose on 47 prescription drugs.” Reality: Prescription drug prices increased by 2% under Trump, by 5.5% under Biden, and by nearly 6% in November. (WSJ)
Author: John C. Goodman
AEI Corrects the Record
- New research by Gerald Auten of the US Treasury Department and David Splinter of the congressional Joint Committee on Taxation finds that the after-tax income share of the top 1% has barely changed since 1962. More.
- Is it true that 1 in 8 American households are so poor that someone must skip a meal each month to get by? No, it is not—the real number is more like 1 in 50. More.
- Biden: The expanded child tax credit “cut child poverty in half in 2021.” Proper modeling: expanded CTC alone would have reduced the child poverty rate to 8.3 percent in 2021. More.
- The left-leaning Center for Budget Policies says we need housing subsidies because of market failure in the housing market. In fact, public housing subsidies are anti-marriage: Per HUD data, only 3% of subsidized housing serves “two adults with children.” More.
Monday Links
- IRA Medicare Part D reforms explained. There is a huge reduction in the government’s contribution to the program that Republicans never talked about.
- Alex and Tyler discuss efficient gift giving.
- A different view of gift giving.
- 6 in 10 Americans have at least one chronic disease.
- Milei is taking his “chain saw” to Argentinian government programs. On the chopping block: the Ministry of Culture and the Ministry of Women, Gender and Diversity.