The InvestArk Tax Credit: A Terrible Investment That Arkansas Made For You

AEDC's job creation predictions have a tendency to not exactly work out.

Nearly half of the 45 projects funded with state incentives from 2005 to 2012 reviewed in a special report released Tuesday had “unfavorable cost-benefit ratios” to the state, according to the Division of Legislative Audit (DLA). Primarily, when people think of state-funded economic development programs, they usually assume those funds go towards “creating jobs,” but this recently-released report shows that just isn’t the case in Arkansas for the Consolidated Incentive Act (CIA) of … [Read more...]

Arkansas: The Twilight Zone Of Health Care Policy

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Last week, Family Council released their survey of primary candidates for state and federal offices. Family Council has set the bar for candidate surveys over the last several years. Once again, they released a quality product that covers a wide range of issues facing our state. As I read through the survey, I saw that that candidates for Lieutenant Governor were asked to respond to this statement by expressing their support or opposition: Medicaid Expansion: The Arkansas Private Option law … [Read more...]

Five Things We Learned About The Obamacare “Private” Option Last Week

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Last Thursday afternoon, I attended the Joint Public Health Committee meeting. At that meeting, lawmakers had the opportunity to question Medicaid Director Andy Allison, DHS Director John Selig, and Optumas founder Steve Schramm. Optumas is the consulting firm that released the original cost estimates for the state’s Obamacare experiment, known as the “private” option. Based on their initial projections in March of 2013, the majority of lawmakers determined that expanding Medicaid coverage … [Read more...]

Don’t Worry, All Is Well With The ‘Private’ Option! (Podcast)

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This week on The Arkansas Project Podcast: "Private" option costs have gone up, again Senator Bryan King speaks out about lack of competition in the PO Milton Friedman: Four different ways to spend money Damon Wallace has a fake degree Our report on AR primary candidates … [Read more...]

No Competition, Cost Overruns — Where Do We Go From Here On The ‘Private’ Option?

Capitalism for dummies

You’ll probably find this hard to believe, but things aren’t going to so well with the Obamacare “private” option: just last week, my colleague Dan Greenberg wrote about the lack of competition in the program. Forbes had a national piece last week about the cost overruns of the program -- so far, after just a few short months, it’s currently 11% over original projections. In response to these developments, many lawmakers have been proactive in trying to figure out what’s driving the cost … [Read more...]

The Competition Vacuum in the “Private” Option

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You might recall that one of the selling points of the “private” option was market competition. Competition among insurance carriers was going to lower prices and improve the quality of services. Indeed, the actuaries who estimated the costs of the “private” option relied on the low prices that competition would create. Our insurance commissioner even explained that the high number of carriers that were participating – four! – was triggered by the “private” option. In reality, market … [Read more...]

Medicaid Expansion Medley (Podcast)

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This week on The Arkansas Project Podcast: House passes Obamacare "private" option funding Rep. Hammer explains his "private" option vote Rep. Farrer reports the PO is already over spending caps Sen. Rapert says Obama is terrified of PO Rep. Mayberry compares to PO to "jumping out of a burning building" Hillary loves the PO! Sen. Key moves funding from traditional Medicaid to PO fund … [Read more...]

FGA: State Taxpayers ‘On The Hook’ For Millions In ‘Private’ Option Cost Overruns

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Our guest article yesterday from Rep. Joe Farrer revealed the unanticipated costs to Arkansas taxpayers of the Obamacare-Medicaid “private” option. In short, the program is already pricier than promised -- and, despite promises that it would cost state taxpayers “nothing” in the first three years, the impact looks like it’s about to blow a hole in the state budget. Jonathan Ingram of the Foundation for Government Accountability has released a new paper that outlines the budgetary problems … [Read more...]