Australian drug spending cuts criticised

2002 ◽  
Vol 360 (1) ◽  
pp. 12-12
Keyword(s):  
Drug Spending ◽  
Spending Cuts

scholarly journals A Dose of Managed Care: Controlling Drug Spending in Medicaid

2021 ◽  
Vol 13 (1) ◽  
pp. 170-197
Author(s):  
David Dranove ◽  
Christopher Ody ◽  
Amanda Starc
Keyword(s):  
Managed Care ◽  
Lower Cost ◽  
Drug Spending ◽  
Drug Benefits ◽  
Drug Prices ◽  
Medical Spending ◽  
Spending Cuts

We study the effect of privatizing Medicaid drug benefits on drug prices and utilization. Drug spending would decrease by 21.3 percent if private insurers administered all drug benefits. One-third of the decrease is driven by private insurers’ ability to negotiate prices with pharmacies. The remaining two-thirds is driven by the greater use of lower cost drugs, such as generics, and is only realized in states that give private insurers the flexibility to design drug benefits. Privatization does not reduce prescriptions per enrollee and spending cuts are smaller for drugs that lower medical spending. (JEL G22, H51, I11, I13, I18, I38, L65)

UK Fiscal Squeezes over a Century

2017 ◽  
Author(s):  
Christopher Hood ◽  
Rozana Himaz
Keyword(s):  
Data Sources ◽  
Fiscal Consolidation ◽  
Financial Outcomes ◽  
Financial Conditions ◽  
Deficit Reduction ◽  
Before And After ◽  
The Uk ◽  
Changes Over Time ◽  
Spending Cuts ◽  
Over Time

This chapter draws on historical statistics reporting financial outcomes for spending, taxation, debt, and deficit for the UK over a century to (a) identify quantitatively and compare the main fiscal squeeze episodes (i.e. major revenue increases, spending cuts, or both) in terms of type (soft squeezes and hard squeezes, spending squeezes, and revenue squeezes), depth, and length; (b) compare these periods of austerity against measures of fiscal consolidation in terms of deficit reduction; and (c) identify economic and financial conditions before and after the various squeezes. It explores the extent to which the identification of squeeze episodes and their classification is sensitive to which thresholds are set and what data sources are used. The chapter identifies major changes over time that emerge from this analysis over the changing depth and types of squeeze.

Welfare Reform in Greece

2017 ◽  
Author(s):  
Maria Petmesidou
Keyword(s):  
Sovereign Debt ◽  
Global Financial Crisis ◽  
Debt Crisis ◽  
Refugee Crisis ◽  
Social Investment ◽  
New Parties ◽  
Future Direction ◽  
The Global Financial Crisis ◽  
Spending Cuts ◽  
Large Sections

Greece developed a pension-heavy, clientelist, hybrid Mediterranean welfare state with many gaps in coverage. The global financial crisis of 2008 triggered a severe sovereign debt crisis, compelling the country to accept three bailout packages with stringent conditions as to spending cuts, privatization, and openness to international competition. Severe austerity has caused a protracted recession: the economy lost more than a quarter of its GDP between 2008 and 2015. The Mediterranean refugee crisis impacted severely on the country. New parties of the extreme left (SYRIZA) and extreme right (Golden Dawn) have gained support. SYRIZA was elected on an anti-austerity platform but failed to deliver and a fourth rescue package is under negotiation. The more likely future direction consists in an ever-tighter austerity programme with the immizeration of large sections of the population. A move towards neo-Keynesian intervention and social investment seems unlikely, given the level of debt and the bailout conditions.

Beyond the austerity-driven hypothesis: Political economic theses on penality and the recent prison population decline

2021 ◽  
pp. 147737082110006
Author(s):  
José A. Brandariz
Keyword(s):  
Prison Population ◽  
Population Decline ◽  
Theoretical Frameworks ◽  
The Past ◽  
Economic Forces ◽  
Global North ◽  
Economic Perspectives ◽  
Political Economic ◽  
The Impact ◽  
Spending Cuts

In what might be called the ‘austerity-driven hypothesis’, a consistent strand of literature has sought to explain the prison downsizing witnessed in many jurisdictions of the global north over the past decade by referring to the financial crisis of the late 2000s to early 2010s and its effects in terms of public spending cuts. Since this economic phase is essentially over, whereas the (moderate) decarceration turn is still ongoing, there are good reasons to challenge this hypothesis. This article delves into the non-economic forces that are fostering a prison population decline that, 10 years on, is becoming the new ‘penal normal’. The article thereby aims to spark a dialogue not only with the scholarship exploring the prison downsizing but also with certain theoretical frameworks that have played a key role in examining the punitive turn era. Additionally, the article contributes to the conversation on the need to reframe materialist readings on penality in a ‘non-reductionist’ fashion. By revisiting heterodox theses and scrutinizing the impact of recent penal changes on traditional materialist accounts, the article joins the collective endeavour seeking to update political economic perspectives on punishment and the penal field.

Social Policies and Center-Right Governments in Argentina and Chile

2017 ◽  
Vol 59 (03) ◽  
pp. 72-97 ◽  
Author(s):  
Sara Niedzwiecki ◽  
Jennifer Pribble
Keyword(s):  
Social Policy ◽  
Executive Branch ◽  
Welfare States ◽  
Cash Transfers ◽  
Policy Reforms ◽  
Left Turn ◽  
The Past ◽  
Poverty And Inequality ◽  
Left Party ◽  
Spending Cuts

AbstractLatin America's “left turn” expanded cash transfers and public services, contributing to lower poverty and inequality. Recently, right-leaning candidates and parties have begun to win back seats in the legislature, and in some cases have captured the executive branch. This shift has sparked debate about the future of Latin America's welfare states. This article analyzes social policy reforms enacted by two recent right-leaning governments: that of Sebastián Piñera in Chile (2010–14) and Mauricio Macri in Argentina (2015–). It finds that contrary to neoliberal adjustment policies of the past, neither Macri nor Piñera engaged in privatization or deep spending cuts. Instead, both administrations facilitated a process of policy drift in some sectors and marginal expansion in others. Policy legacies and the strength of the opposition help to explain these outcomes, suggesting that Latin America's political context has been transformed by the consolidation of democracy and the experience of left party rule.

scholarly journals Spending cuts threaten ambitions to host ITER

Nature ◽  
10.1038/42558 ◽  
1997 ◽  
Vol 387 (6634) ◽  
pp. 643-643
Author(s):  
Richard Nathan ◽  
Robert Triendl
Keyword(s):  
Spending Cuts
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