One of the intellectual architects of the 2017 tax cut legislation says the Joe Biden proposal to reimpose higher tax rates will be harmful to the economy and to working families. Earlier studies by Boston University professor Lawrence Kotlikoff and his colleagues found that “the United states had one for the highest corporate tax rates in the world.” As a result of lowering the top corporate rate from 35% to 21%, the US became competitive and more than $1 trillion has been repatriated by US firms. In a new study, Kotlikoff finds that the Biden proposal to undo half the cut in the corporate income tax rate will lower wages and cost jobs. MORE
Writing at National Review, Marie Fishpaw (Heritage Foundation) and John Goodman say that little noticed health policy changes are revolutionizing the health care system. These are changes that are almost never mentioned in the mainstream media, are largely ignored by the heath care media and are rarely mentioned by the candidates themselves – including the President and the Vice President. They include virtual medicine, allowing employees to have around the clock primary care from a doctor of their choice and allowing employees to obtain individually owned health insurance with employer money. MORE
Presidential candidate Joe Biden and other Democrats have proposed creating a government-run plan to compete with private insurers in the (Obamacare) health insurance exchanges. They say the result will be lower premiums. Yet writing at National Review, Ed Haislmaier and John Goodman say there are several public options” available already in some exchanges and they are not saving consumers any money. Similar to public options, 23 health insurance cooperatives were created under Obamacare, and supported with government subsidies. Of those 23 co-ops, only four still survive — a 79 percent failure rate. MORE
Writing in the Wall Street Journal, Goodman Institute Senior Fellow Lawrence Kotlikoff and Harvard epidemiologist Michael Mina say the new point of care test developed by Abbott Labs is the right test at the right time.
Here is the disappointment. To conform with government regulations, this test has to be administered in the presence of a medical professional (such as a nurse). That means its value will be limited to schools, large companies, hospitals, etc. It won’t be useful for people who most need to be tested. We don’t insist on having a nurse present when a woman conducts her own pregnancy test. How is a Covid test any different?
What we really need are 150 million tests a day. In the home. MORE
The best position on pre-existing conditions is not to argue that the problem is small, although it certainly is, writes John Goodman at Forbes. Our argument should be that many – perhaps most – people who come to the individual market with a pre-existing condition are worse off because of Obamacare than they would have been under the old system. And that there is a conservative approach that is much better. More
Joe Biden claimed at Tuesday’s debate that “100 million people who have pre-existing conditions” will lose insurance if the Trump Administration wins an Affordable Care Act case at the Supreme Court. Democrats have terrified voters with this fiction for years, and Republican confusion has helped keep the fear alive. So let’s explain the reality one more time.
There are a surprising number of illiberal proposals, including health insurance subsidies, Medicare enrollment for seniors who are wealthy and already insured, two years of free college – subsidizing the single greatest cause of income inequality. “The puzzle in all this is, Why? Why impose a whole slew of new taxes on the rich and then turn around and give them a whole slew of new benefits?” More
Former Congresswoman Nan Hayworth, Newt Gingrich and I discuss healthcare in the next election and beyond. Newt has always been an outlier among Republican politicians when it comes to the topic of health care – aggressively searching for solutions instead of avoiding the subject. Watch my virtual briefing on Healthcare & the 2020 Election w/Newt Gingrich. More