Featuring David Boaz, Executive Vice President, Cato Institute; and Matt Welch, Editor in Chief, Reason; vs. Ramesh Ponnuru, Columnist and Senior Editor, National Review; and Conor Friedersdorf, Staff Writer, The Atlantic; moderated by David Kirby, Vice President and Senior Fellow, Cato Institute.
Every imaginable product and service has a price, and yet there is something different about pricing prescription medicines. In the new issue of Regulation, Charles L. Hooper and David R. Henderson say that to “fix” drug pricing, we need more competition, more cost sharing, and the liberalization of some regulations. Also in this issue, Larry Downes describes how rent-seeking and public choice have put a telecom deregulation success story at risk, and Jason Scott Johnston looks at the social cost of carbon – how is it derived and how is it used to justify America’s climate policy?
Published in the wake of the Supreme Court’s landmark decision in Kelo v. New London, Cornerstone of Liberty: Property Rights in 21st Century America made a powerful contribution to the firestorm of interest in protecting property rights. Now in its second edition, Cornerstone of Liberty has been fully updated by authors Timothy and Christina Sandefur, and examines how dozens of new developments in courtrooms and legislatures across the country have shifted the landscape of private property rights since 2005.
The Cato Institute has released its 2014 Annual Report, which documents a dynamic year of growth and productivity. “Libertarianism is the philosophy of freedom,” Cato’s David Boaz writes in his book, The Libertarian Mind. “It is the indispensable framework for the future.” And as the new report demonstrates, the Cato Institute, thanks largely to the generosity of our Sponsors, is leading the charge to apply this framework across the policy spectrum.
Medicaid’s Soaring Costs: Time to Step on the Brakes
Featuring Sen. Judd Gregg (R-NH), Member, Senate Budget Committee, Jagadeesh Gokhale, Cato Institute, and John Holahan, Urban Institute.
Medicaid lacks even a fictional trust fund and an annual trustees’ report so the massive program’s fiscal outlook receives less attention than other entitlements. Yet a new Cato Institute study suggests that Medicaid’s fiscal outlook is every bit as dire as those of Social Security and Medicare. Cato senior fellow Jagadeesh Gokhale estimates that the discounted present value of just federal Medicaid spending over the next 100 years equals $21 trillion. If the federal government continues to match state Medicaid outlays at the current rate, by the year 2106 Medicaid alone will consume 13 percent of GDP — eight times its current share. Gokhale argues that limiting the growth of Medicaid spending is essential to restoring the federal government’s financial health. Please join us for a discussion of Medicaid’s fiscal outlook and Gokhale’s projections by Senator Gregg and John Holahan, leading authorities on Medicaid and the federal budget.