Health Care

Would Raising the Retirement Age Crowd Out Young Workers?

One of the criticisms of raising the retirement age is the belief that older workers delaying retirement may "crowd out" younger workers and cause higher youth unemployment. This theory, also known as the "lump of labor theory," is challenged in a new paper by Alicia Munnell and April Wu of the Center for Retirement Research at Boston College.

Omissions and Clarifications From Our Fact-Checking

We did our best to live fact-check the first presidential debate on Twitter, laying out the facts on fiscal issues. Of course, time constraints and the 140-character limit prevented us from getting to all the issues or explaining them all in full. Here's what we missed or want to clarify:

Event Recap: The Imperative of Entitlement Reform and Health Care Cost Control

In the fourth and final event in the series Strengthening of America, "The Imperative of Entitlement and Health Care Cost Growth," former Members of Congress joined budget and health experts to discuss entitlement reform and controlling federal health care costs. As we've explained many times before, health care cost growth projections far exceed growth in all other areas of federal spending.

A Healthy Debate on the Medicare Age

A column in The Wall Street Journal today asks "Should the Eligibility Age for Medicare Be Raised?" Taking the "yes" side is CRFB president Maya MacGuineas, arguing it is a fair and effective way to lower Medicare spending. MacGuineas says that because life expectancy at age 65 has increased significantly since Medicare was first enacted, the eligibility age should reflect this increase.

Wessel: With Health Care It's About How, Not How Much

We have talked before about the long run unsustainable growth of our health care spending. But when it comes to controlling Medicare and Medicaid costs, there will inevitably be plenty of room for political attacks. In a video and an accompanying article in The Wall Street Journal, David Wessel explains that health care spending deserves reasoning, not rhetoric.

U.S. Budget Watch: How Much Are Medicare Benefits "Paid For"?

As the presidential campaigns have turned their attention to Medicare (which we analyzed two weeks ago), each one frames the issue as protecting Medicare benefits that past and present American workers have paid for.

MY VIEW: Eugene Steuerle

Today, in "The Government We Deserve," Eugene Steuerle wrote an opinion piece about the need for budget constraints alongside health care reforms. He notes that competition in the health care market place has the potential to lower costs, but without adequate budget constraints, it may not succeed. 

He writes:

Two Different Takes on Bending the Health Care Cost Curve

Today, The New England Journal of Medicine published an interesting contrast of health proposals from leading health policy experts representing the Center for American Progress and the American Enterprise Institute. As you can imagine, the approaches to cost-control differed at times, but the two plans shared many of the same goals and targets for health reform.

Updated Estimates of the Affordable Care Act

Today, the Congressional Budget Office released two reports revising estimates for the Affordable Care Act (ACA). The first report provides updated estimates specifically for the coverage provisions in the ACA, to reflect the impact of the recent Supreme Court ruling on the ACA’s Medicaid expansion.

The Budgetary Impact of States Opting Out of the Medicaid Expansion

Last week, the Supreme Court released its ruling on the constitutionality of the Patient Protection and Affordable Care Act (PPACA). As the initial discussion over the ruling for the individual mandate has subsided, experts are now weighing in on the potential federal budgetary impacts of the Court’s decision which enables states to opt out of expanding Medicaid coverage to low-income adults.

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