Health Reform

Health Reform’s Medicaid Expansion Is an Even Better Deal for States

CBO has sharply lowered its estimates of the costs to states of adopting the Medicaid expansion.

CBO now estimates that the federal government will, on average, pick up more than 95 percent of the total cost of the Medicaid expansion and other health reform-related costs in Medicaid and the Children’s Health Insurance Program (CHIP) over the next ten years (2015-2024).

States will spend only 1.6 percent more on Medicaid and CHIP due to health reform than they would have spent without health reform. Read more

Related: Correcting Seven Myths About Medicaid

 

Understanding Taxes

Lone Group Taxed Into Poverty Should Receive a Larger EITC

Policymakers have taken important steps in recent decades to prevent the federal tax code from taxing people into or deeper into poverty. This bipartisan effort has helped shape various features of the tax code including the Earned Income Tax Credit (EITC), a tax credit for low- and moderate-income working people. In addition to its other roles, such as serving as a pro-work wage subsidy, the EITC helps keep income and payroll taxes from pushing millions of low-wage workers into poverty.

But the commitment to keep the federal tax code from taxing low-income workers into poverty has fallen far short for one group of 7 million people: childless adults. Read more

Related:

More: Health Analysis

Making Jobs a National Priority

Former U.S. Treasury Secretary Larry Summers spoke at the launch of CBPP’s and Senior Fellow Jared Bernstein’s year-long project on full employment.  Watch his keynote address, as well as the panel discussion among Bernstein and other leading economists, and find out more at www.pathtofullemployment.org.

Full Employment in the News

 

Issues Facing Congress

Three Reasons Congress Should Restart Emergency Jobless Benefits — Now

  1. If Congress doesn’t restart it, the number of affected workers will continue to climb each week, reaching 4.9 million by the end of 2014.
  2. Labor market conditions are much better than in the depths of the Great Recession in 2008-09, but they remain much worse than when policymakers let any of those programs expire.  In particular, long-term unemployment is nearly twice as high as when any previous program expired.
  3. Unemployment insurance is one of the most cost-effective ways to help a weak economy.

Read more

 

Ryan Roundup: Everything You Need to Know About Chairman Ryan’s Budget Plans

The Center has compiled analyses and blog posts on the budget that House Budget Committee Chairman Paul Ryan recently proposed. We will continue to update this roundup as we issue additional analyses.

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