You are here: HomeEconomyEconomicsBrian Koenig

Brian Koenig

In June 2009, President Obama addressed the American Medical Association to promote his national healthcare bill, as he declared a seemingly forthright promise to the American people: "No matter how we reform health care, we will keep this promise to the American people. If you like your doctor, you will be able to keep your doctor, period. If you like your health care plan, you’ll be able to keep your health care plan, period. No one will take it away, no matter what," he vowed.

The true costs of ObamaCare continue to rise, as budget projections under the healthcare law are being understated by as much as $50 billion per year, according to a new report from Cornell economist Richard Burkhauser and his colleagues from Cornell and Indiana University. This alarming revelation is due to official budget forecasts that neglect to account for employees’ spouses and children — which could result in hundreds of billions more in taxpayers’ dollars over the next 10 years.

Religious groups and pro-life advocates denounced a new ObamaCare mandate requiring health insurance plans to cover birth control and other "preventive care" services for women, with no co-pays. Drafted by the Institute of Medicine and announced last week by the U.S. Department of Health and Human Services, the new requirements will take effect on or after August 1, 2012.

Tuesday, 02 August 2011 21:30

HHS Mandates Birth Control With No Co-pays

birth controlNew health insurance requirements announced by the Obama administration on Monday will force health insurance plans to cover birth control and voluntary sterilization — with no co-pays — as preventive care for women. The U.S. Department of Health and Human Service disclosed that the new guidelines, drafted by the Institute of Medicine, will take effect on or after August 1, 2012, and they are expected to apply to both individual and employer-based insurance plans.

medical devicesA report released by the Institute of Medicine (IOM) calls for a sweeping overhaul of U.S. medical device regulation, challenging the FDA to broaden government oversight and enact stricter approval standards for thousands of devices — ranging from artificial hip and knee joints to bypass-surgery devices.

As state and federal deficits continue to climb and as entitlement spending maintains a sharp upward curve, Texas legislators passed a sweeping reform package on Wednesday that would transform the state’s Medicaid program. The measure would work to privatize Medicaid in South Texas and permit the development of healthcare cooperatives, a form of mutual insurance that helps members get access to medical care on preferential terms.

Following a report of potential fraud of Social Security Disability Income (SSDI), Sens. Orrin Hatch (R-Utah) and Tom Coburn (R-Okla.) wrote a trenchant and discerning letter to Inspector General Patrick O'Carroll, regarding concerns about administrative abuse in the disability benefits program. The Senators suspect that the SSDI program may be wielding disability benefits as an extension of unemployment benefits, rather than providing financial assistance only to individuals who are legitimately disabled.

Tea Party favorite Rand Paul, Kentucky Senator and son of GOP presidential candidate Ron Paul, single-handedly thwarted an amendment proposed by Sen. Marco Rubio (R-Fla.) drafted to advance Georgia’s application for NATO membership.

Wednesday, 26 October 2011 17:16

Sens. Coburn, Webb Question U.S. Aid to China

China has the world's second-largest economy and grew at more than 10 percent last year, yet Congress continues to dole out foreign aid to a country that holds more than one trillion dollars of U.S. government debt. Although long overdue, two U.S. lawmakers are speaking out against this seemingly illogical notion, as they pose the question: Why should the United States continue to shovel out taxpayers’ dollars to a communist nation that holds more than one trillion dollars of U.S. debt and competes in the same economic spheres?

As the GOP 2012 presidential campaign evolves, foreign policy issues will become more and more relevant, particularly as pro-Israel candidates debate Palestine’s venture for membership into the United Nations. Although domestic issues will continue to play a central role in the debate — largely due to the economy’s prolonged comatose state — Palestinian leaders’ request for U.N. membership serves a new recipe for the GOP campaign plate.

Subscribe to The New American daily highlights