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Study Finds Older Americans Have Significant Capacity to Work More, Underscoring the Need for Social Security Reform
The latest working paper in the ongoing Social Security Programs and Retirement Around the World project asks whether older people are healthy enough to work more years, and finds that there is a significant amount additional work capacity due to health and mortality gains. While piecemeal reforms like increasing the retirement age or changing how benefits are indexed are not as comprehensive as allowing young workers to invest a portion in personal accounts, they could be part of some comprehensive package to address the program’s shortfall. In a recent AP/NORC poll, 85 percent of respondents said protecting the future ...
Source: Cato-at-liberty - March 3, 2016 Category: American Health Authors: Charles Hughes Source Type: blogs

California’s Unprecedented Minimum Wage Hike Brings Major Risks
Californian lawmakers and labor unions have reportedly reached a deal to increase the minimum wage to $15 an hour by 2022, and index it to inflation after that. If this deal becomes a reality, California would be the first statewide experiment with the $15 minimum wage. The ratio of the minimum wage to the median wage in California would be one of the highest in the world among high-income countries. California’s minimum wage deal brings with it unprecedented risks, and any resulting adverse results will be primarily borne by younger workers, people with limited job skills, and people living outside of major cities. Rati...
Source: Cato-at-liberty - March 30, 2016 Category: American Health Authors: Charles Hughes Source Type: blogs

Lessons from NYC’s Randomized Conditional Cash Transfer Program
The research organization MDRC recently released its comprehensive evaluation of Opportunity NYC- Family Rewards, a conditional cash transfer (CCT) pilot program with the goal of helping families break free of the cycle of poverty. This program is particularly notable because it is the first comprehensive CCT program in a developed country, and it was a large-scale randomized control trial. CCTs offer cash assistance, but only if certain conditions are met, in this case these conditions are concentrated in the three spheres of children’s education, preventive health care utilization and parents’ employment. There was n...
Source: Cato-at-liberty - June 2, 2016 Category: American Health Authors: Charles Hughes Source Type: blogs

D.C.’s $15 Minimum Wage Will Dim Employment Prospects for Younger, Less-Skilled Workers
Yesterday the D.C. City Council unanimously approved a measure that would gradually raise the $10.50 minimum wage to $15.00 by 2020, and then index future increases to changes in the Consumer Price Index. These new scheduled increases will come on the heels of an already significant 39 percent increase currently being phased in. With the passage of this bill, D.C follows California and  in passing substantial minimum wage hikes beyond the scope of past experience in the U.S. The related adverse disemployment effects will primarily impact younger workers and people with limited job skills or educational attainment, putting...
Source: Cato-at-liberty - June 8, 2016 Category: American Health Authors: Charles Hughes Source Type: blogs

Leaps of faith
It's funny how sometimes our lives can be guided by a gentle whisper. When ignored that whisper is no longer a quiet background noise.When ignored it takes on more the sound of a clashing symbol - a resonant and clear sign of something completely unplanned, but heavily and remarkably magnetic...and perhaps destined.A gift from Karen, a fellow cancer survivorThree months ago Patrick had a job offer in New York...of all places. Funny thing. Three years ago Patrick took a leap for me by leaving New York. He left this same city so he and I could share a zip code and truly grow our relationship.Back then he took on the very 'co...
Source: Life is like a sandwich...enjoy the big bites. - March 14, 2016 Category: Cancer & Oncology Source Type: blogs

Seattle ’s Minimum Wage Increase: Sky Is Not Falling Yet, but “Ambiguous” Effects for Low-Wage Workers Due to Negative Unintended Consequences
This study only encompasses the first step of the phase-in, and later scheduled increases will raise the wage floor to levels that are outside the scope of most past U.S. experiences, making it difficult to estimate the m agnitude of potential effects. Some of the minimum wage literature has found that the long-run effects of an increase are greater in magnitude, as the authors of this report note saying “in the long-run, certain industries affected by the minimum wage, such as the fast food industry, have more opp ortunity to relocate, change the composition of their workforce, or invest in technologies that reduce thei...
Source: Cato-at-liberty - July 29, 2016 Category: American Health Authors: Charles Hughes Source Type: blogs

Iceland Could Be the Next Site for a Basic Income Experiment
Iceland will hold early elections in October following theresignation of former Prime Minister Gunnlaugsson. One aggregation ofpolls has the upstart Pirate Party in the lead by four percentage points, and the party may be in prime position to form Iceland ’s next government. They have an eclectic suite of policies in their party platform, some of them interesting and not all of them desirable. In a narrow sense, their elevation could lead to the development of a basic income experiment due to the shortcomings they perceive in Iceland’s current we lfare system. Another pilot program for a basic income could help find mo...
Source: Cato-at-liberty - September 9, 2016 Category: American Health Authors: Charles Hughes Source Type: blogs

Insurer ’s Risk Corridor Payment Claims Dismissed; New ACA Reg From OSHA
While politicians, the media, and the public actively debate the future of the Affordable Care Act, litigation over the ACA and implementation of the law go on. On November 10, Judge Charles Lettow of the United States Court of Claims dismissed all claims brought by Land of Lincoln Mutual Health Insurance Company in its lawsuit against the United States. This is the first decision on the merits in one of the nearly a dozen lawsuits brought by insurers claiming that the government violated its legal obligations when it failed to pay marketplace insurers the money they believe they are owed under the Affordable Care Act’s ...
Source: Health Affairs Blog - November 14, 2016 Category: Health Management Authors: Timothy Jost Tags: Following the ACA Insurance and Coverage retaliation risk corridor payments Source Type: blogs

Insurer ’s Risk Corridor Payment Claims Dismissed; New ACA Reg From OSHA (Updated)
October 17, 2016 Update: Marketplace Enrollment Snapshot Although the future of the Affordable Care Act is murky at this point, Americans need health care coverage and are signing up for it on the marketplaces. On November 16, 2016 the Centers for Medicare and Medicaid Services released their first biweekly enrollment snapshot, covering the 12 days from November 1 to 12, 2016. During that period over one million consumers selected plans, including about 250,000 new enrollees and 760,000 returning enrollees. The applications covered over two million individuals. About 4.5 million individuals visited Healthcare.gov and two m...
Source: Health Affairs Blog - November 14, 2016 Category: Health Management Authors: Timothy Jost Tags: Following the ACA Insurance and Coverage retaliation risk corridor payments Source Type: blogs

Why Does the Government Care Where Immigrant Workers Were Born?
If you want to understand how flawed America ’s immigration system is, consider this: the government treats immigrants differently based on their place ofbirth. The system considers immigrants ’ education, use of welfare, criminal history, employment, family connections, and other personal details, but where you were born can make the difference between receiving legal residency immediately and waiting decades. This discrimination makes as little sense as discriminating based on race, g ender, or any other attribute over which the individual has no control, and it should be abolished.Fortunately, Rep. Jason Chaffetz (R...
Source: Cato-at-liberty - January 18, 2017 Category: American Health Authors: David Bier Source Type: blogs

Nationwide E-Verify an Unwelcome Step Towards a National ID
Senate Judiciary Committee Chairman Chuck Grassley recently reintroduced anE-Verify bill that ought to concern privacy advocates. If enacted, the bill would implement the employment verification scheme nationwide, something President Trump called for during his campaign. Nationwide E-Verify would establish the framework for a national ID system that would undoubtedly come to be used for more than the enforcement of immigration laws.E-Verify allows employers to check a new hire ’s information against government databases to confirm legal status. It is an ineffective system. One reason why E-Verify suffers from inefficienc...
Source: Cato-at-liberty - January 25, 2017 Category: American Health Authors: Matthew Feeney Source Type: blogs

What ’ s Behind 2.5 Million New Health Jobs?
December 2007 marked the start of the most severe recession in modern times. For more than two years, the economy shed jobs. By the start of 2010, there were 8.6 million fewer jobs than at the start of the recession. These losses would have been greater had health care employment not continued to grow; jobs outside health care fell by 9.2 million while health care added nearly 600 thousand jobs. It took until November 2014 for non-health jobs to return to their pre-recession level, at which point health jobs had grown by 1.7 million. As of January 2017, there are 2.5 million more health jobs than at the start of the recess...
Source: Health Affairs Blog - March 17, 2017 Category: Health Management Authors: Charles Roehrig, Ani Turner and Katherine Hempstead Tags: Costs and Spending Health Professionals Hospitals 2007 recession ambulatory care settings diagnosing and treating practitioners efficiency health sector job growth Source Type: blogs

Looking for Alternatives to Government Fiat Money?
The Cato Institute recently releasedMonetary Alternatives: Rethinking Government Fiat Money, a collection of essays 30 years in the making. As George Selgin explains in the foreword,The complacency wrought by the Great Moderation, not to mention the limited interest in fundamental monetary reform before then, resulted in a dearth of serious inquiries into potentially superior arrangements ….Cato kept the subject alive, offering a safe haven, in the shape of its Annual Monetary Conference, for the minority of experts that continued to stress the need for fundamental monetary reform. Although fundamental reform has been a ...
Source: Cato-at-liberty - March 31, 2017 Category: American Health Authors: James A. Dorn Source Type: blogs

The Jobs Conundrum
At next week ’s FOMC meeting, the state of the labor market will play a key role in policy deliberations. But there’s a lot more going on underneath top line unemployment numbers that make them a bad tool for monetary policy decision-making.The May employment reportis a conundrum. Employment growth and the unemployment rate sent opposing signals about labor market conditions — much like they have been doing throughout the recovery. The economy added138,000 jobs last month, with the three-month average only at 121,000 jobs, suggesting labor market weakness.By contrast, the unemployment rate fell to 4.3 percent — the...
Source: Cato-at-liberty - June 8, 2017 Category: American Health Authors: Gerald P. O ' Driscoll Jr. Source Type: blogs

A Monetary Policy Primer, Part 11: Last-Resort Lending
So far, throughout this primer, I ’ve claimed that central banks have one overarching task to perform:  their job, I said, is to “regulate the overall availability of liquid assets, and through it the general course of spending, prices, and employment, in the economies they oversee.” I’ve also shown how, prior to the recent crisis, the Fed pursued this task, sometimes competently, and sometimes ineptly, by means of “open-market operations,” meaning routine purchases (and occasional sales) of short-term Treasury securities.But this picture isn ’t complete, because it says nothing about central banks’ role a...
Source: Cato-at-liberty - August 8, 2017 Category: American Health Authors: George Selgin Source Type: blogs

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