Goodman Institute

Hidden Traps in the IRA Bill’s Drug Provisions

Hidden Traps in the IRA Bill’s Drug Provisions

In the near future, the elderly and the disabled will face a double whammy: higher premiums for Part D drug insurance and higher prices at the pharmacy. This is on top of negotiated prices (and the consequent drop in new drug production) which will kick in later in the decade.

John Goodman and Linda Gorman explain why this will happen in The Hill.

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Social Security COLA Still Fails To Keep Up With Inflation

Social Security COLA Still Fails To Keep Up With Inflation

The COLA is supposed to keep our (I’m also a recipient) benefits even with inflation. Unfortunately, it doesn’t. The COLA is calculated based on the rise in the Consumer Price Index between September 30th and October 1st of the previous year. Hence, we’re getting compensated for past annual inflation, with a three-month lag to boot! This leaves us perpetually behind the eight ball. More

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The US is a Waning Economic Superpower

The US is a Waning Economic Superpower

The U.S. is a waning economic hegemon. But far too few Americans, including politicians, realize this. The eventual new and very big kid on the block is, under all but extreme scenarios, China; and, after China, India. By 2100, the U.S. will be in third place, when ranked by GDP — producing only 12 percent of global output compared with China’s 27 percent and India’s 16 percent. More

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What I Bet You Don’t Know About Poverty, Inequality And The Role Of Government

What I Bet You Don’t Know About Poverty, Inequality And The Role Of Government

Here are five surprising facts:

  • The U.S. welfare state has almost eliminated poverty in this country.
  • Over the last 75 years, income inequality has actually gone down, not up.
  • Since the end of World War II, income has steadily risen for every income group – with the greatest increase among the bottom fifth of the income ladder.
  • Over half of the population gains very little from working under the U.S. fiscal system – as taxable income replaces untaxed transfer benefits.
  • The U.S. has the most progressive fiscal system among all developed countries.

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Health Reforms for Voters

Health Reforms for Voters

Chief among these is Obamacare reform to (1) let families have access to insurance that meets their medical and financial needs, instead of unaffordable deductibles and sky-high premiums; and (2) let families have access to the best doctors and the best hospitals, instead of narrow networks that deny them the care they need. More.

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Medicare Prescription Drugs: A Case Study In Government Failure

Medicare Prescription Drugs: A Case Study In Government Failure

Bernie Sanders and other socialists think health care should be provided by the state. Their latest version of that idea is “Medicare for all.” How does Medicare stand up against private, free-market provision of similar services? Since Congress just acted on Medicare prescription drugs, let’s examine drug coverage in answering that question. More.

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