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  • Commentary posted April 30, 2014 by Kevin Dayaratna, David W. Kreutzer, Ph.D. Test-Driving the EPA's Carbon Models

    When you switch on the kitchen light tonight, how will it affect Captain James T. Kirk and the intrepid crew of the Starship Enterprise? Captain Kirk is a fictional character, of course, but the question -- thanks to the EPA -- is all too real. The agency calls it the "Social Cost of Carbon." In the SCC they claim to have an estimate, measured in dollars per ton of CO2,…

  • Backgrounder posted April 29, 2014 by Kevin Dayaratna, David W. Kreutzer, Ph.D. Unfounded FUND: Yet Another EPA Model Not Ready for the Big Game

    Unable to enact cap-and-trade legislation, even when he was supported by filibuster-proof majorities in Congress, President Barack Obama famously claimed, “Cap and trade was just one way of skinning the cat; it was not the only way.”[1] The primary alternative way to skin the cat is regulation by federal agencies, especially by the Environmental Protection Agency (EPA). A…

  • Backgrounder posted December 20, 2013 by James C. Capretta, Kevin Dayaratna Compelling Evidence Makes the Case for a Market-Driven Health Care System

    The United States does not have a private-sector health insurance system, let alone a functioning competitive market for insurance or health services. In fact, the federal government has been the dominant force in American health care for decades, long before the recent massive expansion of the government’s role in the 2010 Patient Protection and Affordable Care Act…

  • Backgrounder posted December 5, 2013 by Nicolas Loris, Kevin Dayaratna, David W. Kreutzer, Ph.D. EPA Power Plant Regulations: A Backdoor Energy Tax

    The Environmental Protection Agency (EPA) has re-proposed its desired regulation of carbon dioxide and other greenhouse gas (GHG) emissions for future power plants. The agency also plans to finalize standards for existing plants by summer 2015. If implemented and combined with other proposed and newly implemented regulations, these GHG regulations would significantly…

  • Backgrounder posted November 21, 2013 by Kevin Dayaratna, David W. Kreutzer, Ph.D. Loaded DICE: An EPA Model Not Ready for the Big Game

    The “social cost of carbon” (SCC) is a metric used by the Environmental Protection Agency (EPA) to quantify the economic impact associated with carbon emissions.[1] The EPA uses three statistical models to estimate the SCC: FUND (Climate Framework for Uncertainty, Negotiation and Distribution), DICE (Dynamic Integrated Climate-Economy), and PAGE (Policy Analysis of the…

  • Backgrounder posted August 19, 2013 by Kevin Dayaratna Competitive Markets in Health Care: The Next Revolution

    Over the course of the past several decades, federal and state lawmakers have proposed a variety of initiatives to reform America’s health care system and reduce costs. One idea has been to instill competition in the health care markets to enable the industry to operate more like a traditional market. Regrettably, the Congressional Budget Office (CBO) has remained unable…

  • Issue Brief posted June 27, 2013 by David W. Kreutzer, Ph.D., Nicolas Loris, Kevin Dayaratna Cost of a Climate Policy: The Economic Impact of Obama’s Climate Action Plan

    President Obama recently released his Climate Action Plan, which is a continuation of the costly, ineffective policies from his first four years in office: Solyndra-style loan guarantees, nice-sounding but too expensive efficiency mandates, and his war on coal. It is this war on coal that would prove the most costly, with hundreds of thousands of lost jobs and $1.47…

  • Issue Brief posted April 11, 2013 by David W. Kreutzer, Ph.D., Kevin Dayaratna Boxer–Sanders Carbon Tax: Economic Impact

    Senators Barbara Boxer (D–CA) and Bernie Sanders (I–VT) recently proposed the Climate Security Act of 2013,[1] which includes a tax on the use of carbon. Heritage analysis of the bill shows that it would increase the cost of energy, reduce incomes, lead to fewer jobs, and have minimal impact (if any) on global warming. The economic impacts would include (after adjusting…

  • Backgrounder posted November 7, 2012 by Kevin Dayaratna Studies Show: Medicaid Patients Have Worse Access and Outcomes than the Privately Insured

    Abstract: Academic literature has consistently illustrated that Medicaid patients—adults and children—have inferior access to health care, and notably poorer health outcomes, than privately insured patients. Due to the program's low reimbursement rates, more and more doctors are refusing to even accept Medicaid. As a result, it is becoming increasingly difficult for…

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