Money and Computing
What Are the Implications of Repealing the Affordable Care Act for Medicare Spending and Beneficiaries?
This brief explores the implications for Medicare and beneficiaries of repealing Medicare provisions in the ACA. The Congressional Budget Office (CBO) has estimated that full repeal of the ACA would increase Medicare spending by $802 billion from 2016 to 2025. Full repeal would increase spending primarily by restoring higher payments to health care providers and Medicare Advantage plans. The increase in Medicare spending would likely lead to higher Medicare premiums, deductibles, and cost sharing for beneficiaries, and accelerate the insolvency of the Medicare Part A trust fund. Policymakers will confront decisions about the Medicare provisions in the ACA in their efforts to repeal and replace the law. more »
"Operating Under A Cloud of Uncertainty": Janet Yellen's FOMC Press Conference About Raising the Target Range for Federal Funds Rate to 1/2 to 3/4 %
Janet Yellen Following FOMC Meeting: "On financial regulation we lived through a devastating financial crisis that took a huge toll on our economy. Most members of Congress and the public came away from that experience feeling it was important to take a set of steps that would result in a safer and stronger financial system. I feel that we have done that. That has been our mission since the financial crisis; that's what *Dodd Frank was designed to do." more »
"Full disclosure: I'm an early riser and fade in the afternoons. I exercise regularly but need someone to open jar lids. I gave up my car when moving downtown, so if you still drive, including "at night," you're my hero. Sorry if you're down in the dumps, but I'm looking for someone upbeat. You should be able to text. Please have a smart phone and know how to send messages. I love quality TV. If you haven't heard of Netflix, we're likely not a match. And if you don't have a sense of humor, we have nothing in common." more »
Why Trump Would Almost Certainly Be Violating the Constitution If He Continues to Own His Businesses
The Emoluments Clause appears in Article I, Section 9 of the Constitution. It bars any "person holding any office of profit or trust under" the United States from accepting any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign state” "without the consent of the Congress." The word "emolument" comes from the Latin emolumentum, meaning profit or gain. more »