The Department of Health and Human Services recently finalized a regulation requiring drug manufacturers to offer rebates directly to consumers rather than paying rebates to insurers providing benefits under Medicare Part D. Both the current and incoming administrations support tying Medicare...

Proponents of the Affordable Care Act have pointed to the Congressional Budget Office s cost estimates to support their argument that the law will result in lower federal budget deficits in the future. Much less is said about the reasons for this forecast. This paper explains that the primary...