The Cannon: Healthcare costs continue to increase, Texas is a wonderful place to live and work, & Unempoyment following the economic recovery
by TEXAS PUBLIC POLICY FOUNDATION
Dec 12, 2017 | 515 views | 0 0 comments | 9 9 recommendations | email to a friend | print
 
 
Ignore the noise and stale talking points. The Cannon connects today’s news with the research and opinion you need from TPPF’s top experts. Stay informed with insight that promotes freedom, personal responsibility, and free enterprise for all Americans.
OPEN YOUR WALLET AND SAY "AHH"
 
 
What to Know: The U.S. hit a milestone last year, but it’s not something to be proud of.


“The average amount spent on healthcare per person reached $10,348 in 2016, surpassing $10,000 for the first time, according to an annual report by the Centers for Medicare and Medicaid Services,” the Washington Examiner reports. “The amount is a $354 increase from the year before. The latest findings, published in the journal Health Affairs, reflect spending on healthcare across the board, including from private health insurance, the government, employers, and individuals."

 
The TPPF Take: Health care spending isn’t up because Americans are receiving more or better health care. It’s because bureaucracies are diverting funds.


“We are spending more money yet waiting longer to even see a physician,” says TPPF’s Dr. Deane Waldman. “The fallacy of the Affordable Care Act – Obamacare – was that we were told more people would have coverage for health care. But having coverage doesn’t automatically mean getting the care when you need it. Many have learned this the hard way. What we need is to put patients back in charge of their health care decisions, eliminate the regulations and mandates that are driving up costs, and get the bureaucracies outs of the way." 


Read more on healthcare by Waldman here.
AND I WILL GO TO TEXAS
 
 
What to Know: Buried in a USA Today story on the latest jobs numbers is a confirmation of the Texas model.


“Last year, Jamba, which franchises Jamba Juice outlets, moved its headquarters from Emeryville, Calif., to Frisco, Texas,” the newspaper reports. “This year, Toyota is relocating its North American headquarters, along with 3,000 employees, from Torrance, Calif., to Plano, Texas. And CKE Restaurants, which owns the Hardee’s and Carl’s Jr. chains, moved its corporate base from Carpinteria, Calif., to Franklin, Tenn. Jamba CEO David Pace said that north Texas offers ‘competitive operating costs, extensive access to skilled restaurant talent’ and ‘an attractive cost-of-living for team members,’ among other things. He added that Frisco is a desirable place to work and live.”
 
The TPPF Take: Well of course it is. And the rest of Texas is mighty tempting, too. That’s due to sound policies and a commitment to economic freedom.


“Lower taxes and regulation mean more economic opportunity, and that’s why people are leaving California and other states to come to Texas,” says TPPF’s Chuck DeVore, a former California assemblyman. “But the Texas model is in danger; a number of cities statewide are working to impose new rules and regulations that will erode the very reason for the Texas boom – economic freedom.”


Read more about the Texas model here.
THE FORGOTTEN MEN
 
 
What to Know: Speaking of the jobs numbers, they’re generally positive. But they hide some troubling indicators.


“For months now economists have suggested that the low unemployment rate — 4.1% as of last month’s report — implies that America is at or near full employment,” writes Edward Lazear in the Wall Street Journal. “Yet the labor market is still below its prerecession peak, with about two million jobs missing.”


The TPPF Take: Those missing jobs mean workers – with a higher proportion of men – are out of work. That’s not good for them, or for the country.


“Many went on the disability rolls, which now total about nine million people, during the Great Recession and the subsequent slowest economic recovery since World War II,” says TPPF’s Dr. Vance Ginn. “Clearly, there’s a need for Congress to reform the antiquated tax code and wasteful welfare system to get people back to meaningful work.”
 
For more on the Texas economy and labor market, click here.
 
 
To contact TPPF experts, email us at Interview@TexasPolicy.com
 
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