NCPA: Doctor Shortage To Result From Increased Patient Load

Millions of people will try to access health care services that simply won't be there because the already strained health care providers will not be able to meet the increased demand, as a direct result of the new national health care reform, according to a new report from the National Center for Policy Analysis.

Critical Condition: Primary Care Physician Shortages

Under the new health care law, most U.S. residents will be required to have health insurance by 2014. About 32 million additional people are expected to enroll in some type of health plan. Evidence suggests that insured people consume twice as much medical care as uninsured people, other things being equal. This means that 32 million people will try to double their consumption of medical care. Yet, who will provide that care?

TARP: A Loan Not a Gift

In October 2008 Congress passed the Emergency Economic Stabilization Act of 2008. The act created a $700 billion Troubled Asset Relief Program (TARP) aimed at preventing a meltdown of the banking system. Some TARP funds were subsequently used for purposes outside the financial industry, but most were used to purchase preferred stock in banks to shore up bank capital as a buffer against bad assets.

What about Those Deficits?

Each year, foreign governments and investors increase their holdings of U.S. debt. In effect, they are lending the United States money to finance its excess of imports over exports. However, continued excessive deficits could make U.S. trading partners reluctant to continue the process. Reluctance to buy or efforts to sell dollar holdings by foreign investors would cause U.S. equities to decline, interest rates to spike and the dollar to plunge.

Health Care Tax Credit For Small Businesses Comes With A Price

Although the IRS announced yesterday the ground rules for small businesses expecting to claim a new federal tax credit, small business owners may be in for a big surprise. The tax credit penalizes employers if they hire more workers or increase salaries, according to a new report by the National Center for Policy Analysis.

Obama's Tax on Job Creation

The landmark health reform law signed by President Obama will require small businesses to provide health insurance to their employees. This burden will be offset by a tax credit for each employee covered. However, the credit is arbitrarily reduced as firms grow, penalizing employers that hire more workers or increase their salaries. Thus, the credit may discourage firms from hiring more workers or higher-paid workers.

Americans Know the Drill – The Wall Street Journal

The amount of energy America's economy consumes is rising, and oil is a significant portion of its generation. But the domestic production of American oil is falling, and that means that imports must increase each year, which is why increasing the amount of our offshore drilling is a critical component of our energy future.

NCPA: Climate Bill Good For Nuclear, Drilling, But Still A Tax

Although Sen. John Kerry (D-MA) claims that the Kerry-Lieberman climate bill, which was formally released yesterday, will not raise taxes for Americans and will have "very little if any cost increase to the American consumer," the bill will inevitably have the same negative economic impact of any other tax, according to H. Sterling Burnett, Senior Fellow with the National Center for Policy Analysis.