Seniors and Income Inequality: How Things Get Worse With Age

Income inequality has been rising on the political agenda, yet one group has been left out of the discussion: seniors. Older adults are somewhat less likely than working-age adults to be poor by the government’s traditional poverty measure, developed in the 1960s. But this official measure may understate the extent to which seniors live in poverty. […]

The top 50 hospitals that gouge patients the most

These are the 50 hospitals in the United States with the highest markup of prices over their actual costs. That means that they are charging out-of-network patients and the uninsured, as well as auto and workers’ compensation insurers, more than 10 times the costs allowed by Medicare, according to new research published Monday. Who are […]

Kuttner, Galston, and the Debate Over the Social Safety Net

I take exception to most of the assumptions and conclusions in William Galston’s piece. For starters, the debate about entitlement programs is needs to be located within a larger debate about the mixed economy. Galston begins by asserting: “I take it we agree that suitably structured and regulated markets generate wealth more effectively than other economic […]

A crisis for seniors who rely on Social Security

It seems every time we talk about the long-term future of Social Security, many in Washington start clamoring to raise the retirement age or propose other ways to trim Social Security’s modest benefits. Those calling for cuts are missing the dire state of retirement security for the typical American. Traditional pensions have become a thing […]