Texas should adopt the defined contribution reform plan that offers state and local government workers the choice of a defined contribution retirement plan in place of their current defined benefit plans. Such a plan offers great advantages for both workers and taxpayers. Over the past 20 years, private sector employers have shifted sharply towards “defined contribution” pension programs. The number of private sector employees in such plans soared from 11 million in 1975 to 43 million in 1995, an increase of about 300%.
The Sky Isn’t Falling: Dispelling Medicaid Disenrollment Hysteria
Once again, Texas’ Medicaid disenrollment is in the headlines and the mainstream media is turning to its usual scare tactics to paint Texas as the bad guy. As far back as September, The Texas Tribune ran a headline that 900,000 Texans have lost Medicaid, and painted a grim picture of children, new mothers, and disabled adults...