May 10, 2024

Multiple Paragon Pieces Referenced in Galen Institute’s Newsletter – May 10, 2024

Joe Albanese, Brian Blase, Drew Gonshorowski and Grace-Marie Turner

Joe Albanese

Senior Policy Analyst at Paragon Health Institute

Joe Albanese is a Senior Policy Analyst with Paragon Health Institute. He comes to Paragon with over six years of federal and nonprofit public policy experience.

Brian Blase, Ph.D., is the President of Paragon Health Institute. Brian was Special Assistant to the President for Economic Policy at the White House’s National Economic Council (NEC) from 2017-2019, where he coordinated the development and execution of numerous health policies and advised the President, NEC director, and senior officials. After leaving the White House, Brian founded Blase Policy Strategies and served as its CEO.

Drew Gonshorowski

Senior Research Fellow at Paragon Health Institute

Drew Gonshorowski is a Senior Research Fellow at Paragon Health Institute. He brings a decade of experience conducting quantitative research and building models examining health policy and entitlement programs.

Grace-Marie Turner

Public Advisor

Grace-Marie Turner is president of the Galen Institute, a public policy research organization she founded in 1995 to promote an informed debate over free-market ideas for health reform. She has been instrumental in developing and promoting ideas for reform to transfer power over health care decisions to doctors and patients.

On May 10, 2024, Paragon’s Joe Albanese’s op-ed in National Review and our Paragon Pic on the “Escalating Cost of Obamacare Subsidies” were referenced in Galen Institute‘s newsletter.

From the newsletter:

This is only the latest Biden administration expansion of Obamacare. The Congressional Budget Office says we will spend $383 billion more over this decade on ACA subsidies and interest on the borrowed money because of ACA expansions since President Biden took office. This Paragon Pic depicts and explains the dramatic increase.

…

And while we are on health spending, the Medicare Trustees issued their latest pronouncement this week, making headlines because the report says Medicare’s Hospital. Trust Fund won’t go bankrupt until 2036. Nothing to worry about now, right?

Hardly. Paragon’s Joe Albanese writes in National Review that “Medicare expenditures now exceed national defense expenditures. The only budget item growing faster than health care is interest payments on existing debt.”

And just as with tax increases, it’s consumers who always pay. “Rising costs for these benefits will also increase the financial burden on Medicare enrollees, because they typically pay about 20 percent of the cost for Part B services. On average, retirees spend about 26 percent of their Social Security checks on Part B and D expenses alone,” he writes.

The full newsletter can be found here.

Medicare, Private Health

Affordable Care Act (ACA/Obamacare), Congressional Budget Office (CBO), Medicare Part B, Medicare Part D,