Hunt Lawrence and Daniel J. Flynn

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

Alexa, Why Do Our Medical Bills Keep Skyrocketing?

 

The editorial board of USA Today on Thursday published its decidedly bearish take on the prospects of Amazon, Berkshire Hathaway, and JP Morgan Chase curing our diseased healthcare system. Their analysis of the problem appears mostly correct. But their solution looks to make matters worse. “At the heart of America’s system is the central feature […]

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Healthcare Spending to Reach $5.7 Trillion by 2026

 

“National healthcare spending trends are unsustainable in the long term,” President Donald Trump’s budget acknowledges. An article published earlier this month in the medical policy journal Health Affairs buttresses this simple point. Medical inflation stands to outpace both economic growth and actual inflation. Our spending — government, individual, business, etc. — on healthcare, projected to […]

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Wrong Prescription for Skyrocketing Prescription Drug Prices

 

Donald Trump’s budget contains several reforms aimed to save consumers money on prescription drugs. The proposal, whatever its merits, comes at an opportune time. An article published on Wednesday in Health Affairs by researchers affiliated with the Centers for Medicare and Medicaid Services labeled prescription drugs prices as the fastest rising of all medical costs. […]

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Trump’s Terrible, Swift Sword

 

President Trump unveiled a budget Monday that seeks $3 trillion in cuts over the next decade. What a difference a week makes. The president signed a bill authorizing increases in domestic spending to secure larger increases in defense spending last week. This followed a State of the Union address petitioning Congress for various spending hikes, […]

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Nancy Pelosi Took a Stand, Paul Ryan Did Not

 

Sometimes posturing proves bad for posture. Standing for eight hours in four-inch heels strikes as just one of those times. Minority Leader Nancy Pelosi grandstanded on immigration in the well of the House of Representatives on Wednesday. The media hailed the lengthy harangue as unprecedented. But surely this comes as not the first time a […]

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Let’s Make a Deal (or Not)

 

Lawmakers on Capitol Hill approach an agreement on spending with another government shutdown looming at 12:01 a.m. Friday. Strangely, rather than encourage frugality, the government running out of money — and frequently necessitating such sky-is-falling deals — invariably ushers in a congressional consensus to spend even more money, which hastens the date that the government […]

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Kill the Tapeworm Before It Kills Us

 

Donald Trump called for $1.5 trillion in infrastructure spending in Tuesday’s State of the Union address. “Tonight, I’m calling on Congress to produce a bill that generates at least $1.5 trillion for the new infrastructure investment that our country so desperately needs,” the president announced. “Every federal dollar should be leveraged by partnering with state […]

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Donald Trump Addresses America’s Prescription Drug Problem

 

Donald Trump wants Americans to spend trillions on infrastructure and to stop spending trillions on prescription drugs. “One of my greatest priorities is to reduce the price of prescription drugs,” the president explained in Tuesday’s State of the Union address. “In many other countries, these drugs cost far less than what we pay in the […]

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Feds Spent $9 on Defense for Every $1 on Healthcare 50 Years Ago

 

Anyone over the age of 30 has lived through a rather profound shift in federal priorities. A half-century ago, defense accounted for 45 percent of federal outlays at $405 billion. Medicare and health, combining for $45 billion, constituted five percent of the budget. Granted, the budget disparity occurred at the peak of the Vietnam War. […]

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Tax Collectors Become Tax Evaders

 

The taxman cometh. He cometh for other taxmen even. And it turns out tax-happy states like Uncle Sam extracting his take about as much as the rest of us do. Congress imposed a $10,000 limitation in December on state and local tax (SALT) deductions by filers as part of the reform overhaul of the tax […]

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