After a year of unproductive brinksmanship, Congress and the President enter 2012 facing the same intractable budget problems as before: a fourth consecutive deficit expected to be $1 trillion or higher, spending that consumes nearly one-fourth of the economy’s total output, and an entitlement-driven fiscal disaster that has drawn… Read more
Abstract: The Joint Select Committee on Deficit Reduction—the “Super Committee”—created under the Budget Control Act of 2011 has failed to recommend a strategy for reducing the federal deficit by $1.2 trillion over the next decade, leaving automatic cuts of 2 percent on… Read more
Abstract: With Medicare facing a bleak fiscal future, and because the program is a major factor in the enormous federal deficit and long-term debt, there needs to be structural reform. The way forward is to (1) require the program to operate under a real,… Read more
House appropriators deserve two cheers for their recently released bill funding the Departments of Labor (DOL), Health and Human Services, Education, and related agencies for fiscal year (FY) 2012.[1] Disappointingly, the legislation only slightly reduces federal spending. Nevertheless, its policy riders take important steps in the right direction.… Read more
Abstract: With the Patient Protection and Affordable Care Act of 2010 (PPACA), Congress enacted record-breaking provider payment cuts as well as hard caps on the growth of Medicare spending for the first time in Medicare’s history. (Medicare spending… Read more
Abstract: Imagine that the 2010 health reform legislation goes into effect as planned. If the skeptics are correct and it fails to control long-term federal health spending, what could a future Congress do to modify it? There are three approaches. Congress could (1) clamp… Read more
Runaway spending and deficits continue to grow unabated in part because any attempts to rein them in are relentlessly demagogued by defenders of big government. The latest example is the budget recently authored by House Budget Committee chairman Paul Ryan (R–WI) and passed by the House of Representatives. … Read more
On April 15, the House of Representatives passed a budget that addresses the Medicaid crisis. Introduced by Budget Committee chairman Paul Ryan (R–WI), it repeals Obamacare and its costly Medicaid expansion and puts Medicaid on a more fiscally sustainable path. Ryan’s Medicaid reform ends the open-ended federal reimbursement of state… Read more
House Budget Committee Chairman Paul Ryan’s (R–WI) budget proposal for fiscal year 2012 would transform the Medicare program into a “premium support” system. Under the Ryan approach, the federal government would make a direct financial contribution to Medicare enrollees’ health care coverage, just as it does today for federal workers… Read more
Testimony before The Committee… Read more
Abstract: The Patient Protection and Affordable Care Act substantially alters Medicare Advantage and, as a consequence, reduces the access of senior citizens and the disabled to quality health care by restricting and worsening the health care plan options available to them. Lower-income beneficiaries, Hispanics,… Read more
Abstract : Federal spending is on an unsustainable path that risks disaster for America. Runaway spending has increased annual… Read more
The federal government’s finances were dismal even before the Patient Protection and Affordable Care Act (PPACA) was enacted. That is why lawmakers who pushed for its passage felt compelled to try to calm worried Americans by claiming that the law would cut projected federal budget deficits in addition to covering… Read more
Americans want health care reform—but not the reforms put in place under the Patient Protection and Affordable Health Care Act (PPACA). The new law moves America’s health care system in the wrong direction, transferring vast powers to Washington bureaucrats who will control the dollars and decisions that should be in… Read more
Under the Patient Protection and Affordable Care Act (PPACA),[1] Congress has enacted record-breaking Medicare payment reductions. Most of these are reductions in Medicare payment updates to non-physician providers. To a lesser degree, these reductions are attributable to certain health care delivery reforms.[2] The Office of the… Read more
Abstract: The annual federal budget deficit is projected to reach 8.3 percent of gross domestic product (GDP) by 2020—more than three times the historical average of 2.3 percent. This dramatic increase in the federal deficit will be exclusively the result of increasing spending, not… Read more
THE ISSUE: The health care system needs reform, but not the types of changes enacted under the new health care law. The Patient Protection and Affordable Care Act moves the health care system in the wrong direction. This highly unpopular… Read more
The coming challenge of paying Social Security, Medicare, and Medicaid benefits to 77 million retiring baby boomers will be one of the greatest economic challenges of the 21st century. What Federal Reserve Chairman Ben Bernanke called the "calm before the storm" ended on January 1, 2008, when the first baby… Read more
It is time for Congress to rein in spending and fix our nation’s budget crisis. The excesses from the recession drove spending up to $3.5 trillion last year—borrowing 40 cents out of every dollar spent. The public debt is closing in on 70 percent of the economy and within the… Read more
Abstract: Obamacare—the popular name for the recently enacted Patient Protection and Affordable Care Act (PPACA)—is highly disliked by American voters who want to see it repealed. A majority of states are suing to overturn it, and the House of Representatives has voted to repeal it. Though repeal… Read more
The Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) recently published its annual estimate...… Read more
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Ten Oil Rigs...… Read more
Red Alert! Conservatives in Congress and elsewhere should be warned: The Administration’s latest signal for “compromise”...… Read more
While overall health care spending slowed in 2009, it is the underlying trend that is more troubling: the continuing...… Read more
By now, most Americans who have been following the effects of the Patient Protection and Affordable Care Act (PPACA)...… Read more
And so we have finally arrived at the heart of the matter. In recent days, Peter Orszag, the now-former director of...… Read more
Yesterday, the Congressional Budget Office released its annual long-term Budget Outlook, which provides a look at...… Read more
The Senate voted 45-52 yesterday to oppose the $140 billion so-called “extenders bill” (HR 4213). The Hill is...… Read more
The president’s debt commission had its first meeting this week, and all of the talk was of getting serious about...… Read more
“If you like your current health coverage, you can keep it.” It was a key promise of Obamacare. But the new law gives...… Read more
Distinguished Fellow and Director, Center for Policy Innovation
Grover M. Hermann Senior Fellow in Federal Budgetary Affairs
Senior Fellow
Policy Analyst