CONVERSABLE ECONOMIST: Snapshots of Global Poverty and Inequality There are basically two ways that broad swaths of a population can be lifted out of poverty: broad economic growth and redistribution. It’s worth remembering that the overwhelming majority of poverty reduction is due to economic growth–especially in China and India, but in other low-income countries around the world as well. About half of the world’s poor live in countries of sub-Saharan Africa, while the nations of South Asia have another third of the world’s poor, and not coincidentally, those are countries that have not experienced sustained economic growth.
CONVERSABLE ECONOMIST: Tax Code Carrots and Sticks for Health Insurance: An Update Also the biggest additional cost of the Patient Protection and Affordable Care Act of 2010 is not the Premium Tax Credit, but rather is the expansion of Medicaid coverage to more people, which CBO estimates raised the costs of Medicaid by $64 billion in 2016. Overall, the CBO reported that for the Patient Protection and Affordable Care Act of 2010: ”In 2016, those provisions are estimated to reduce the number of uninsured people by 22 million and to result in a net cost to the federal government of $110 billion.” As I noted in that earlier post: “If the fundamental goal of the act was to spend an extra $110 billion and subsidize insurance for 22 million more Americans, the law could have been a lot simpler and less invasive.”