The House of Representatives voted today on H.R. 596, a bill that would repeal and replace ObamaCare. H.R. 596 passed by a vote of 239 to 186. The bill was introduced by Rep. Bradley Byrne (R-Ala.) and had 98 co-sponsors.
Social Security Reform: Time to Go Big
Among the rules adopted by the House of Representatives is a new provision that bars the transfer of money between the Social Security old age and survivors insurance (OASI) trust fund and the disability insurance (DI) trust fund. Congress has authorized 11 transfers from OASI to DI in order to temporarily patch the DI trust fund. In 1994, the last time that DI was on the verge of going broke, Congress reallocated 0.6 percentage points of the payroll tax from OASI to the DI program. The rule change prevents another temporary fix from occurring and provides a significant opportunity for Congress to adopt reforms in order to help ensure the future solvency of both programs.
Repealing Obamacare – Is It Doable?
On January 6, the 114th Congress convened and is now under Republican control, with 54 senators out of 100 in the Senate and 246 representatives out of 435 in the House. One of the major Republican campaign promises was the full repeal of the Affordable Care Act (ACA), more often referred to as ObamaCare. But can it be done?
To Market, To Market – First U.S. Biosimilar On Its Way
On Wednesday, January 7, 2015, I attended the Food and Drug Administration (FDA) Oncologic Drugs Advisory Committee meeting that discussed and recommended approval of the first biosimilar drug, called filgrastim, under the Biologics Price Competition and Innovation Act (BPCI).
Jonathan Gruber Goes to Washington
Most of you know about Jonathan Gruber. He is the Massachusetts Institute of Technology (MIT) economics professor that was hired as a consultant by the Obama administration to provide guidance on designing ObamaCare. He has often been called the “architect” of ObamaCare. What was his consulting fee just from the Department of Health and Human […]
Newt’s Very Bad Idea
Former House Speaker Newt Gingrich often comes up with ideas to change how the government works. One of his most recent suggestions has made a lot of people who care about property rights scratch their head. At a December 2, 2014 meeting of Academy of Managed Care Pharmacy executives, Speaker Gingrich was asked about the […]
Innovation = Jobs
Innovation creates jobs. That is the central premise of Jay Walker’s keynote address, “Making Innovation Work for America and Americans,” at the first meeting of the IP Dealmakers Forum on November 6, 2014. The forum linked investors together with intellectual property (IP) information and opportunities. Walker’s speech is particularly timely given the release on November […]
Blaming Republicans for Ebola: A Seedy Campaign Ploy
Less than two weeks after the first person with Ebola in the United States was admitted to Texas Health Presbyterian Hospital on September 30, 2014, Democrats and their allies began blaming Republicans for his plight and everything else connected with preventing and treating the disease.
See You In Court – Again
One of the things that is becoming more disturbing each day is how the Obama Administration is issuing a tsunami of regulations, interpretive rules, sub-regulatory guidance, executive orders, guidelines, and even divine proclamations on White House tissue paper (just kidding on that last one) that contradict, subvert, or circumvent the law. Even though I just […]
WHO Are You to Raise the Tobacco Tax?
Black-and-white images of soldiers abroad brandishing “victory cigars” in the fight against a cruel and oppressive enemy lit up television screens in homes across the nation, and “Smoke! Smoke! Smoke! (That Cigarette)” by Merle Travis was a national hit on the air waves. Cigarettes were an icon of glamor with a hint of rugged sophistication, and America was very much the land of the free and home of the brave during World War II.