Independent Institute Senior Fellow John C. Goodman, author of "Priceless: Curing the Healthcare Crisis" describes how the Affordable Care Act, or Obamacare, with its 27,000 pages of rules and regulations, has omitted some basic market-based concepts that would benefit all consumers. Goodman outlines the changes that would make such a healthcare system function, utilizing his extensive knowledge of the subject. Goodman is known as the "Father of Health Savings Accounts" whose suggestions for healthcare reform have been heard around the country. In this video, he highlights what is wrong with Obamacare, and offers his bold ideas on sensible healthcare reform.
On June 17, 2014, Sr. Fellow Lawrence McQuillan spoke at an event for supporters of the Independent Institute. Dr. McQuillan spoke about Californias state pension system, a topic he writes about frequently, including in his forthcoming book California Dreamin: Resolving the Public Pension Crisis.
First he defines the types of pension programs for state employees, he outlined how funding for the programs is not sustainable for the promises made to pension recipients. The state admits to an unfunded liability of $140 billion, but McQuillan says that is actually an underestimate. According to most economists, the true amount of the unfunded liability is $430 billion.
How did this happen? McQuillan explains and offers six solutions to keep the pension systems solvent.