Today, the House Oversight Committee is holding an important hearing entitled "The Role of Pharmacy…
CFIF on Twitter CFIF on YouTube
House Hearing Spotlights Pharmacy Benefit Managers (PBMs) as Drivers of Higher Drug Prices

Today, the House Oversight Committee is holding an important hearing entitled "The Role of Pharmacy Benefit Managers in Prescription Drug Markets Part III:  Transparency and Accountability."

For those unfamiliar, Pharmacy Benefit Managers (PBMs) amount to middlemen that control prescription drugs for millions of Americans.  A majority of Americans receive health insurance through employer plans or government programs such as Medicare, which in turn cover prescription drugs through PBMs.  Those PBMs negotiate with drug companies and pay pharmacies, but throughout the process determine the drugs that insured patients may obtain and at what cost.

The problem is that PBMs operate in such an opaque and complex manner that they're able to inflate drug costs while claiming to be working…[more]

July 23, 2024 • 04:57 PM

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Some 40 Years Later: A Nation STILL at Risk Print
By Stephen Moore
Tuesday, June 18 2024
Hanushek notes that, adjusted for inflation, per-pupil spending since 1960 quadrupled. Since 1980 the funding per student has doubled. Yet over the past several decades, there isn't much evidence of improvement (if any).

School's out for the summer, so now it is time to examine the state of our education system.

By any objective measure, our school performance is fair or poor for most children. Math scores hit a 20-year low. ACT scores dropped to a 30-year low last year. In dozens of schools throughout the country, not one child is reading or practicing math at grade-level proficiency. Not one!

Some of this poor performance is due to the unforgivable mistake of shutting down our schools during COVID-19  despite children being less vulnerable to the virus.

But our schools were in long-term decline BEFORE the pandemic.

One of the world's top education scholars, Eric Hanushek, recently issued a report on the 40-year anniversary of the famous federal study published in 1983 called "A Nation at Risk." That study famously warned that "if an unfriendly foreign power had attempted to impose on America the mediocre educational performance that exists today, we might well have viewed it as an act of war."

But tragically, nobody listened or paid attention to the warning. The unions kept pushing for more money with no accountability. Schools were turned into social welfare agencies instead of factories for learning. So they started to pursue both missions  poorly. In more recent years, educators decided their job was to teach about social justice, climate change radicalism, LGBTQ issues and "systemic racism."

In many public schools, patriotism and love of country gave way to a "blame America first" narrative.

Math, reading and science took a backseat.

But the taxpayer money poured in as if from a firehouse. Hanushek notes that, adjusted for inflation, per-pupil spending since 1960 quadrupled. Since 1980 the funding per student has doubled.

Yet over the past several decades, there isn't much evidence of improvement (if any). In most school districts, the reverse is true.

The feds have kicked in hundreds of billions too. Yet there is virtually no evidence that Uncle Sam's spending has added much value. Mostly it's added more red tape. Test scores haven't budged.

Still, President Joe Biden's plan is to spend hundreds of billions more  mostly because the teacher unions are the strongest force in the modern Democratic Party. Unions. Not parents.

Finally, after 40 years of failure, parents are taking notice and taking action. The parental choice movement is gaining steam  especially in red states. Some 13 states in the last two years have added programs to allow education dollars to follow the kids  that means lower-income parents are provided the funding to send their kids to charter schools, Catholic schools or other alternatives.

This should hopefully provide incentives for the public schools to compete and improve.

One of Hanushek's key conclusions provides some glimmer of hope. He finds "some evidence that spending more money can improve student learning in public schools." But he adds conditionally that the dollars need to be tied to "rewarding performance."

For example, incentivizing teacher excellence through pay for performance and getting rid of bad teachers  by eliminating or reforming tenure  can improve schools and throw a lifeline to kids.

Here's the problem: the teacher unions are adamantly opposed to anyone measuring THEIR performance.

They can grade the students, but no one dares to grade the teachers.

Back in 1983, the warning was that our schools had slipped into a cesspool of "mediocrity." Here we are over 40 years later, and in too many cities and states, mediocrity would be a vast improvement.

Reforms are coming  but will they get here soon enough? We certainly can't wait another 40 years.


Stephen Moore is a visiting fellow at the Heritage Foundation and a senior economic advisor to Donald Trump. His latest book is: "Govzilla: How the Relentless Growth of Government Is Devouring Our Economy."

COPYRIGHT 2024 CREATORS.COM

Notable Quote   
 
"The astonishing political events of the last four weeks make plain, once again, how much of America's history depends on what voters have come to accept as the choice of one person: each presidential nominee's choice of a vice presidential candidate. Even as the nomination process was expanded, half a century ago, to include millions of primary voters, the choice of the vice presidential nominee…[more]
 
 
— Michael Barone, Senior Political Analyst for the Washington Examiner and Longtime Co-Author of The Almanac of American Politics
 
Liberty Poll   

Should Secret Service Director Kimberly Cheatle be fired for the agency's unconscionable failures regarding the assassination attempt on President Trump?