Douglas Elmendorf, Dean of the Harvard Kennedy School, spoke as an expert witness before a House Democratic Caucus hearing on the impact of the Affordable Health Care Act, the House Republican health care bill.
"The health care legislation supported by the House Republican leadership would take our country backward, not forward. It would do that in at least 4 important ways," Elmendorf said.
Elmendorf highlighted its reversal of progress in expanding health insurance coverage, and the inability to afford health insurance—not freedom to choose—as the main driver behind the expected rise in the numbers of uninsured. The bill "would not represent shared sacrifice for the national good but rather targeted sacrifice by lower- and middle-income Americans," Elmendorf maintained, and "would take us backward by providing a large tax cut focused on the very top of the income distribution."
On the burden to lower- and middle-income Americans, Elmendorf noted that the bill "would leave the tax subsidies for higher-income Americans fully in place and clobber the tax subsidies -- and spending subsidies -- for lower-and middle-income Americans." At the same time, "one percent of households with the highest incomes would receive 40 percent of the gains from repealing the tax increases under the ACA," Elmendorf said, citing estimates by the Tax Policy Center. Read full text
UVA Miller Center | By Orlando Patterson, John Cowles Professor of Sociology. Volume 9 in the Miller Center's First Year 2017 project, which examines the key issues the new U.S. president must confront. The current volume, "Grappling with Tensions Over Race," also includes essays by Elizabeth Hinton (Assistant Professor of History and of African and African American Studies at Harvard), Douglas A. Blackmon, and Michael Eric Dyson (Georgetown University) See all essays
Project Syndicate | By Dani Rodrik, Ford Foundation Professor of International Political Economy, Harvard Kennedy School. "Today, the Union is mired in a deep existential crisis, and its future is very much in doubt. The symptoms are everywhere: Brexit, crushing levels of youth unemployment in Greece and Spain, debt and stagnation in Italy, the rise of populist movements, and a backlash against immigrants and the euro. They all point to the need for a major overhaul of Europe’s institutions," Rodrik writes.
CBS News | Douglas Elmendorf, Dean of the Harvard Kennedy School and Don K. Price Professor of Public Policy, joins CBSN's "Red & Blue" to discuss today's Congressional Budget Office report on the House Republican health care bill. Elmendorf served as director of the Congressional Budget Office from January 2009 to March 2015. [Video: 8 minutes].
"...A bigger part of the reason people will lose health insurance coverage is they won’t be able to afford it, People are not maintaining access to health insurance coverage, or gaining access to health insurance coverage, in this legislation. People are being taken out of Medicaid. The subsidies are being cut back by 40% on average in insurance marketplaces. So the bill is not maintaining access and giving people freedom to choose as the Speaker suggested. It is reducing access very significantly.," Elmendorf said.
U.S. Securities and Exchange Commission | Economist Brigitte Madrian of the Harvard Kennedy School spoke at an SEC "Evidence Summit," a public conference "to discuss...potential strategies for enhancing retail investors’ understanding of key investment characteristics such as fees, risks, returns, and conflicts of interest."
The summit aimed to "marshal research from the fields of economics and cognitive sciences to help inform ways of thinking about investor behavior and identify areas for possible future research to be conducted under the auspices of an investor research initiative led by the Commission’s Office of the Investor Advocate." An archive version of the webcast will be posted soon at SEC.gov.
HKS PolicyCast | If the Women’s March on Washington was a spark, what does it now take to fan that spark into a flame? In this week's roundtable discussion: Assistant Professor Leah Wright Rigueur, Women and Public Policy Program Executive Director Victoria Budson, and Adjunct Lecturer Tim McCarthy.
Washington Post | In part 2 of his interview with Jennifer Rubin, Harvard economist Edward Glaeser "explains how we know cities — and not self-selecting city dwellers — are responsible for the city phenomenon, and what the federal government should be doing about it."
Washington Post | A conversation with Harvard economist Edward Glaeser. "Perhaps the most troubling division to me is the gap in prime age joblessness between urban and rural America. That gap is widening perilously," Glaeser says. "In 1980, only about nine percent of men between 25 and 54 were jobless in both urban and rural America. Today, the jobless rate is about 15 percent in America’s metropolitan areas, which is slightly below the national average, and about 19 percent outside of metropolitan America."