Debt has become a way of life in America
February 6, 2024
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My mentor and friend, Senator Tom Coburn, MD, stood in a long line of American statesmen when he warned the country about our reliance upon
My mentor and friend, Senator Tom Coburn, MD, stood in a long line of American statesmen when he warned the country about our reliance upon
The Tax Cuts and Jobs Act of 2017 (TCJA) capped the federal tax deduction for state and local taxes (SALT) at $10,000 for single taxpayers
Currently, employer-provided health insurance is excluded from federal taxation. This tax exclusion represents the largest tax expenditure in the federal budget, leading to an estimated
Current law makes automatic cost of living adjustments for many entitlement programs based on the Consumer Price Index (CPI). The Bureau of Labor Statistics (BLS)
Social Security benefits are currently based on a beneficiary’s lifetime earnings and are indexed for changes in wages in the entire economy, which tend to
Social Security’s current benefit formula is progressive, where beneficiaries with lower lifetime earnings receive higher benefits compared to their earnings than those with higher life-time
When Social Security was enacted in the 1930s, life expectancy at birth was 62 years and the retirement age was 65. Over the program’s history,
The Medicare program currently operates as a fee-for-service program, which contributes to the program’s growth at an unsustainable rate. We propose that the program is
In 1983, Congress reformed Social Security to gradually increase the normal retirement age to 67. We propose extending that reform to Medicare as well, whose
Medicare is an extraordinarily complex program, consisting of four parts that provide payments to health care providers to reimburse them for health care services or
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