The Medicaid program is a state-federal partnership program where states and the federal government share the cost of caring for the nation’s poorest citizens.
Senator Elizabeth Warren introduced Senate Bill 2292, the Bank on Students Emergency Loan Refinancing Act. It permits individuals with existing student loans — either federal or private — to refinance those loans using the federal direct loan program. In general, this would be a reduction in the interest rates on those loans. What’s wrong with that?
The Senate Banking Committee voted 22-0 yesterday to reauthorize the Terrorism Risk Insurance Act (TRIA), a program created by Congress in 2002 to respond to the property and casualty insurance market fallout of the terrorist attacks of September 11, 2001.
The resignation of VA Secretary Eric Shinseki has moved the failings at the Veteran’s Administration from the category of rumor and accusation to fact. However, it raises the even larger question: how do you fix the VA? The first step to a solution, however, is to correctly identify the problem.
The housing reform bill co-authored by Democrat Tim Johnson and Republican Mike Crapo was passed by the Senate Banking Committee on a 13-9 vote. That is the good news. According to most news reports, however, it will not be put up for a vote by the Senate as a whole. That is the bad news.
The Administration has unilaterally raised taxpayer’s exposure to higher spending under the Affordable Care Act (ACA). Specifically, it used its authorities to ensure that premium subsidies will rise at higher rates than the law would otherwise permit.
The Affordable Care Act’s (ACA) Employer Shared Responsibility provision, commonly referred to as the Employer Mandate, requires all employers with more than 50 employees, or 50 Full Time Equivalents (FTEs), to provide health insurance coverage beginning in 2014. Similar to the law’s individual mandate to carry health insurance, noncompliance carries a fine, levied to help offset the cost of providing insurance coverage in the ACA’s state based insurance exchanges.
There has been a lot of talk about “bending the cost curve,” “controlling health care costs,” and the “slow growth of health care costs” in recent years. Unfortunately, these discussions often carry a great deal of imprecision and intermix three very distinct concepts: insurance premiums, health care spending, and the prices of medical services.
The growth of National Health Expenditures (NHE) has been a central policy dilemma for decades. The fact that NHE growth outpaces GDP growth underlies the continued rise in health insurance premiums, crowds out cash raises for workers, and fuels the federal red ink emanating from the social safety net — Medicare, Medicaid, Social Security, and now the Affordable Care Act (ACA).
The ACA's several new taxes are raising premiums significantly for exchange enrollees.