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A Natural Experiment For Philadelphia’s Soda Tax

Via Political Calculations blog, The city of Philadelphia's controversial soda tax is providing a lot of material for serious scientists to evaluate the effects of arbitrarily imposing a tax on the distribution of a range of naturally and artificially-sweetened beverages. Since we're near the end of the tax's first year of being in effect, we […]

Healthcare Spending Now Accounts For Almost One-Fifth Of The Entire US Economy

Authored by Michael Snyder via The American Dream blog, Everybody agrees that healthcare costs are way too high.  Back in 1960, healthcare spending accounted for approximately 5 percent of GDP, and by 2020 it is being projected that healthcare spending will account for 20 percent of GDP.  And when you break those numbers down into […]

Republicans Scramble To Revise Obamacare Repeal Bill As Defeat Looms

After Texas Senator Ted Cruz revealed Sunday that he wouldn’t support Graham-Cassidy, effectively quashing the Republicans’ chances of repealing and replacing Obamacare before the crucial Sept. 30 deadline, Bloomberg reported that the GOP senate leadership was scrambling late Sunday to revise the bill to win support from a small but critical group of holdout senators […]