Daily Policy Digest
|The Deep Causes of Today's Struggling U.S. Economy
The American economy is growing. But compared to other recessions in the post-World War II era it has not bounced back to its long-run trend, writes Ryan H. Murphy,research assistant professor at the O'Neil Center for Global Markets and Freedom,SMU Cox School of Business.
|A Practical Approach to Occupational Licensing Reform
Occupational regulation is the traditional bailiwick of state governments, with the federal and local governments in a secondary role, writes NCPA Senior Fellow Thomas Hemphill.
|More Evidence Against Health Insurance
If you have a high-deductible health plan, you should always ask providers for a cash price, rather than wait for health insurance to process your claim. You will save a lot of money. So, what is the purpose of health insurance, asks NCPA Senior Fellow John R. Graham.
|E-Prescribing: A Commonsense Solution to Opiod Abuse That is Being Ignored
Congress has taken up the growing problem of opioid abuse. Yet for all the talk there appears to be little discussion of a commonsense solution: mandatory electronic prescribing (e-prescribing). This would allow doctors, pharmacies and law enforcement to better monitor inappropriate opioid use, drug-seeking behavior and reduce drug diversion, writes NCPA Senior Fellow Devon Herrick.
|Eight Reasons Why We Face A National Security Problem
John Kerry called the Istanbul airport attack a sign of desperation, but the following observations suggest American leaders are the ones desperately clinging to failed strategies, writes NCPA Senior Fellow David Grantham.
|A Prescription-Free Way to Affordable Health
To ease the problem of rising prescription costs, doctors and patients should give more consideration to over-the-counter medications which can be just as effective as many, more expensive prescription options. In an op-ed in Newsweek, NCPA Senior Fellow Devon Herrick explains how wider OTC use could reduce the percentage of patients who are not taking their prescribed medications because of the expense...
|The Positive Side of Negative Interest Rates
John Maynard Keynes said, "When my information changes I alter my conclusions. What do you do, sir?" For Keynesians and non-Keynesians alike, it is excellent advice -- essential, in fact -- and it applies in spades to the mounting confusion about negative interest rates. One major point on which Keynes eventually would have had to change his mind was his 1936 comment, long uncontroversial, that "the rate of interest is never negative." By February 2016, one-year government bond yields in 12 out of 15 developed countries were negative. Even five-year bond yields were negative in the majority of these countries, writes David Ranson, an NCPA senior fellow and president of HCWE & Co.
|Health Services Half of GDP Growth
The third estimate of GDP for the first quarter significantly increased the estimate of health spending, such that it comprised one half of GDP growth in the first quarter. Although health services spending accounts for just 12 percent of GDP, these estimates continue to indicate it will grow faster than GDP. There is no slowdown in health services spending, writes NCPA Senior Fellow John R. Graham...
|Disability Overpayments: Low-Hanging Fruit
Congress and the administration lack the political will to reform the Social Security Disability program, which will go bankrupt in 2019. However, the GAO has found that overpayments and improper payments are costing the program billions of dollars a year. Putting a stop to these payments could save the program money without major reforms, writes NCPA Research Associate Laura Wiltshire.
|Labor Unions and the Joint Employer Rule
An expanded interpretation of the "joint employer" rule could cost franchise operators billions of dollars and lost jobs, writes NCPA Senior Fellow Pam Villarreal and Research Associate Laura Wiltshire.