The healthcare reform juggernaut, arguably the most radical attempt to remake the economy and the nation’s healthcare infrastructure in history, was supposed to have flown through Congress before the August recess with nary a peep. Instead, as Americans have gotten wind of its alarming provisions and exorbitant costs, the plan appears to be fizzling fast in the summer heat.
A “Generic” Call for Change
As Congress braces for the largest reform of healthcare in the nation’s history, lost in the debate has been an issue critical to federal and state healthcare budgets, as well as the ability of consumers to afford lifesaving drugs. The issue is whether Congress should grant generic makers of the next generation of medications called “biologics” the same regulatory approval treatment it did for chemical drugs under the 1984 Hatch-Waxman Act.
Stimulus not Stimulating
The White House announcement on May 20 of 100 projects in 100 days of the stimulus, a plan that was intended to be “timely, temporary, and targeted,” was greeted with great skepticism, including an ongoing dispute about the amount of money that has been spent and how many jobs have (or have not) been created.
Energy Battle Heats Up
Americans are feeling some relief from the drop in gas prices, which were more than $4.00 per gallon last summer and now hover around $2.25 per gallon. After expectations that winter home heating costs would rise dramatically above the prior year, they rose less than predicted. Some argue there is an “energy dividend” that is helping the economy by putting more money into consumers’ wallets.
Taking Taxpayers for a Ride
Most Americans have a favorite train story. When my parents took my brother, sister and me out West in 1966, we took the overnight train from Denver to Salt Lake City. We were awed by the beautiful scenery from the dome cars, ate well, slept comfortably, and enjoyed every minute of the trip.
Railing Against High-Speed Rail
On November 4, voters in California will have a dozen propositions on the ballot. There are four bond issues, including renewable energy, veterans housing, and children’s hospitals. The most expensive – Proposition 1A – would provide for a bond issue of $9.95 billion to establish high-speed train service linking Southern California counties, the Sacramento/San Joaquin Valley, and the San Francisco Bay Area. The network would eventually cover 800 miles and enable travel from Northern to Southern California at speeds of 220 mph. The official estimated cost is $45 billion.
Extreme Makeover: San Joaquin River
How much should it cost to restore salmon to a river? Try $22 million per salmon under legislation that is moving through Congress.
Earmarks Invade DC
An op-ed in the May 17 Washington Post by Colbert King showed that earmarks know no boundaries. King cited $56 million in projects in the District of Columbia’s budget that were “initiated and approved by the [city] council without extensive executive branch review.”
Europe Assaults U.S. Businesses
As the global economy slows, every effort should be made to encourage businesses to invest, innovate, and market their products around the world. Unfortunately for taxpayers and investors, European regulators are abusing their power in a manner that will adversely impact the ability of the world to avoid the worst results of the current slowdown.