Thanksgiving is fraught with dangers that most people may never think of. There is the danger from driving great distances with too many cars on the road, some of which may have indulged in too much eggnog prior to driving. The AAA estimates that 55 million Americans are expected to hit the road driving more than 50 miles to see friends and family. The worst traffic is expected to take place Wednesday afternoon as the rush hour traffic mixes with holiday traffic.
Georgia to Require Work for Medicaid Eligibility
Georgia is set to become the only state to impose a work requirement for Medicaid eligibility. This idea has been discussed in Republicans states for years. It should be noted that in the past Red states were prohibited from attaching strings to Medicaid expansion and limiting those who qualify.
Wednesday Links
- Ideal population for the earth: is 8 billion too many or too few?
- Claim: Clinton era adoption law is devastating for Black families.
- Fraudulent unemployment claims in a single year of Covid reached $11 billion in New York.
- Because cannabis is illegal under federal law, only one US facility has been allowed to do research on it.
- Paragon lays out goals for the lame duck Congress.
- Is cannibalism a healthy diet?
Cuts to Medicare in the IRA Bill
Writing in the WSJ, Casey Mulligan and Tomas Philipson point out something that almost all commentary has overlooked. Seniors are about to be hit with a double whammy: higher drug prices at the pharmacy and higher premiums for Part D drug insurance:
We estimate that beginning in 2025, plan subsidies—specifically, the reinsurance subsidies for the beneficiaries with the most drug spending—will be cut $30 billion, out of revenue that currently totals about $110 billion. With $30 billion less to finance prescription benefits, something will have to give. Plans currently have far too little profit to span the chasm that the Inflation Reduction Act opens between expenses and revenue…
This is a nice companion to the article Linda Gorman and I wrote for The Hill a few weeks ago.