Hunt Lawrence and Daniel J. Flynn

Hunt Lawrence is a New York-based investor. Daniel Flynn is the author of five books.

Senators Scramble to Save Subsidy Smartly Stopped by Trump

 

Donald Trump pulled the cost-sharing reductions (CSRs) propping up the individual healthcare market last week. Senators Lamar Alexander (R-Tenn.) and Patty Murray (D-WA) hastily offered a temporary fix to those ailing individual markets in an effort to salvage them. But it remains unclear why the president would want to sign a bill to restore what […]

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Trump Executive Order Unravels Obamacare Redistribution Scheme

 

Donald Trump’s executive order diagnosed the primary disorder in American health care. “The average exchange premium in the 39 States that are using www.healthcare.gov in 2017 is more than double the average overall individual market premium recorded in 2013,” the president noted upon issuing his health care executive order last Thursday. “The [Patient Protection and […]

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Why Keep a Tax That Everybody Avoids Paying?

 

Even critics of Donald Trump’s tax cuts concede that the president likely wins this fight. But victory rarely resembles the initial plan. Though assuming anything in this presidency relegates one to the ranks of fools, Trump slashing the top rate of 40 percent to 35 percent looks like a much better than even bet. The […]

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Trump Tax Cut Haunted by Obamacare Whiff

 

“Nobody cares about deficits anymore,” insists retiring senator Bob Corker. Twenty trillion reasons suggest that nobody cared much about deficits way back when, either. The Trump Administration seeks to reduce the top tax income tax rates from 39 percent to 35 percent, and more ambitiously pushes a dramatic reduction in rates on businesses. Gary Cohn […]

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Can the Trump Tax Cut Pay for Itself?

 

President Trump says the economy needs a tax cut. The national debt screams that it needs more revenue. Can the federal government slash rates and pay down the debt? Spending at 23 percent of GDP and revenues at 19 percent of GDP adds up to a deficit of $700 billion. A best-case scenario by the […]

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Trump Tax Plan Shows GOP, If Not Times, Still Reaganite

 

President Trump and congressional Republicans unveiled a tax-reform plan this week. After whiffing on an Obamacare repeal and replace, the GOP, which looks fairly united here and, after all, owns the Oval Office and majorities in both houses, enjoys better-than-even odds of passing some variant of its plan. Independent of this, as Warren Buffett noted […]

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Graham-Cassidy Postmortem

 

In health care reform, as in health care itself, discovering a cure becomes difficult if one misdiagnoses the disease. Republicans failed (again) in their repeal of Obamacare because they imagined the Patient Protection and Affordable Care Act as the problem with American health care. Surely it remains a problem. But the problem, as the deservedly […]

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Graham-Cassidy on Life Support

 

For the last seven years, six months, and four days, Republicans broadcast their raison d’être as the repeal of Obamacare. They possess just over three days to fulfill that promise before the Federal Trade Commission shuts down the party as a massive, 50-state conspiracy to evade truth-in-advertising laws. Several senators who talked up replacing Obamacare […]

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Graham-Cassidy Last, Best Hope for Obamacare Repeal

 

Majority Leader Mitch McConnell vows to bring the Lindsey Graham-Bill Cassidy sponsored Obamacare repeal to the Senate floor next week. This represents the last, best chance to repeal Obamacare. Take those two words — last, best — literally. The deadline for reconciliation occurs a week from Saturday. This means anything that passes after that point […]

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Health Care Reformers Turn to Laboratories of Democracy

 

Justice Louis Brandeis noted that “a single courageous State may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.” This notion of states as the laboratories of democracy finds itself at the core of two competing health care proposals in Congress. […]

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