Health

Residencies in the U.S. have been capped at 90,000 per year since 1997 as a result of Congressional attempts to deal with healthcare inflation . According to a recent Bloomberg article: Last year there were 16,721 fewer doctors than needed in inner city and rural areas. By 2025, the U.S. will face a shortfall of as much as 159,300 physicians. This existing physician supply issue will be stoked by health reform and the possibility of 31 million new patients entering the healthcare system with...

There is a new long term care entitlement in the current healthcare reform bills in both the House and Senate. The long term care provision is known as the Community Living Assistance Services and Supports Act ("Class Act"). The Class Act is projected to run a surplus during its first few years of existence, but will be in deficit within 10 years. This budget projection excludes the present value of the program's future liabilities--in other words, the type of accounting that any private...