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To minimize the need for uncomfortable choices between raising taxes or cutting spending, 48 states have created budget stabilization funds—rainy day funds—that take advantage of boom times by directing surplus revenue into savings that can offset future shortfalls. However, many of these funds lack rules to effectively smooth the ups and downs in revenue. Designing a robust fund, and... Read More
The US health care system is not delivering the care that patients with serious illness need and want. For example, although most people say they would like to die at home, nearly 70 percent die in nursing homes, intensive care units, or other medical settings. Given that approximately 70 percent of people who die in the United States each year are Medicare beneficiaries, the new administration... Read More
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