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Panthers Lose 6-Foot-4 TE to Cowboys
The Carolina Panthers recently discarded an experienced 6-foot-4 tight end from their roster ahead of Week 1 of the NFL season. The Dallas Cowboys opted to be the beneficiary. On Thursday, the NFL’s official transaction report showed that the Cowboys signed TE James Mitchell to their practice squad. The Panthers had waived Mitchell after the […] The post Panthers Lose 6-Foot-4 TE to Cowboys appeared first on HEAVY.
Debt Digest | Federal Debt is a Health Care Problem
Welcome David Ditch to the Debt Dispatch! We are pleased to announce a new regular contributor: David Ditch will be joining the Cato Institute as a Policy Analyst for Budget and Entitlement Policy later this week. David has more than a decade of experience in fiscal policy issues, with a particular focus on federal spending. He previously worked at the Senate Budget Committee, the Heritage Foundation, and the Economic Policy Innovation Center. David’s areas of expertise include appropriations, transportation, agriculture, federalism, grantmaking, and policy options for deficit reduction. Originally from the Rochester, N.Y. area, David has a BA in Economics and Political Science from the University of Rochester and a MA in Political Management from George Washington University. David currently lives in Arlington, VA. You may have enjoyed his earlier guest posts: CBO: New Highway Bill Has More Spending, Taxes, and Deficits Trump Administration’s Proposed Changes to Federal Grants Highlight Problems of Big Government Here are this week’s reading links and fiscal facts: The federal debt is largely a health care problem. In a new report, the Congressional Budget Office and Joint Committee on Taxation find that “In 2026, federal subsidies for health insurance, net of related payments to the government, are projected to equal $2.4 trillion, or 7.4 percent of gross domestic product (GDP). In CBO and JCT’s projections, those subsidies grow by 65 percent, reaching $3.9 trillion, or 8.4 percent of GDP, in 2036. Subsidies for Medicare contribute most to that overall growth, increasing by $900 billion. Over the entire 2026–2036 period, federal subsidies for health insurance total $33.6 trillion.” Cato’s Michael Cannon emphasizes, “The long-term federal debt problem is a health care problem. […] Only two categories of federal outlays will grow faster than gross domestic product (GDP): health care subsidies and interest payments on the debt. The former is, therefore, the primary driver of the latter.” The bond market fears deficits, not the loss of tariff revenue. Responding to a New York Times essay claiming tariff revenue has grown too important for a future administration to unwind, Cato’s Kyle Handley argues: “Bond investors are not attached to customs duties as a line item revenue source. They care about the government’s overall fiscal position.” He continues, “tariff revenue is a side hustle. And the Trump administration has already promised to dole out the funds through schemes like tariff dividend rebates, farm subsidies, and pay-fors on tax cuts or other spending.” Furthermore, “tariff revenue is simply not large enough to transform the government’s fiscal trajectory.” Take net interest for example: it “reached $970 billion in fiscal year 2025, absorbing 18.5 percent of federal receipts. Customs duties accounted for only 3.7 percent of receipts—and that was before refunds (see Figure 2).” Handley concludes, “The real bond-market concern is a large and growing interest bill, persistent budget deficits, and a political system unwilling to bring spending and revenue into alignment.” Medicare’s spending growth is driven by more volume and utilization. A Congressional Research Service report finds that Medicare spending “grew at an average annual rate of 7.3%” from 1985 through 2025, and the trustees project health care expenditures will keep rising “faster than gross domestic product (GDP) in most future years.” Citing CBO, the report attributes Medicare’s projected 2026–2036 spending growth to “23% from higher enrollment, 31% from inflation, and 47% from the growth of inflation-adjusted spending per beneficiary. In other words**, the largest single driver of Medicare spending growth during the next decade is expected to be higher volume and intensity of health care services.”** Boccia and Thakur explain: “as the economy grows, Medicare spending tends to grow at least as fast—and often faster—because the program automatically pays the bill for more and more healthcare consumption by seniors, even as prices rise.” The Fed has little control over market interest rates. Cato’s Jai Kedia documents that the Fed has held its rate target steady since December, yet “nearly every rate Americans actually borrow at has climbed over the same stretch.” Kedia continues, “The Fed did nothing, and the cost of credit went up anyway. […] Markets spent these months repricing macroeconomic events such as sticky core inflation, a volatile energy market driven by the conflict in the Middle East, and global trade disrupted by tariffs, among others. None of that required a policy change to show up in borrowing costs because markets, not the FOMC, set prices.” He concludes, “Accurately priced borrowing rates will come from credible disinflation and disciplined budgets and from a Fed content to follow the economy rather than pretend it leads it.” Nearly half of US farm income comes from taxpayers. Former Reagan OMB director David Stockman notes that “in the most recently completed full year (FY 2025) farmer incomes in the US totaled $97.8 billion, but fully 42.7% or $41.8 billion of that amount came from taxpayers, not the marketplace. Nor is this some kind of one-year aberration. If we look at the most recent decade as a whole, total farm income posted at nearly $708 billion, but, as indicated, fully $322 billion or 45% of this came compliments of US taxpayers.” Cato’s Chris Edwards explains why so little of that income is market-earned: “Farmers are businesspeople, but the government shields them from just about every type of weather and market risk. Furthermore, just about every part of the agricultural industry is subsidized, including insurance, loans, marketing, research, export sales, and land improvements.” The Debt Dispatch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Colorado Commission prioritizes feelings over science
The Colorado Parks and Wildlife Commission voted Thursday and prioritized feelings over science-based management. Meanwhile, Rancher X is the beneficiary of those feelings-driven decisions. Well played, governor. The newest appointees to the CPW Commission are...
WNBA All-Star charity initiative supports sports group that says it is ‘moving beyond the binary of girl’
A WNBA All-Star beneficiary says it is "moving beyond the binary of 'girl'" while the league frames the $100,000 prize pool as keeping girls in sports.
Colorado Commission prioritizes feelings over science
The Colorado Parks and Wildlife Commission voted Thursday and prioritized feelings over science-based management. Meanwhile, Rancher X is the beneficiary of those feelings-driven decisions. Well played, Governor. The newest appointees to the CPW Commission are just the parting gift you had in mind for rural Colorado. The Commission voted Thursday 6-5 to reject CPW staff […]
Colorado Commission prioritizes feelings over science
The Colorado Parks and Wildlife Commission voted Thursday and prioritized feelings over science-based management. Meanwhile, Rancher X is the beneficiary of those feelings-driven decisions. Well played, Governor. The newest appointees to the CPW Commission are just the parting gift you had in mind for rural Colorado. The Commission voted Thursday 6-5 to reject CPW staff […]
Why Rock Ya-Sin Is Poised to Replace Terrion Arnold
No matter what happens in court, the Lions have a major problem to solve—and Rock Ya-Sin may be the biggest beneficiary.
Report Shows People With Medicare Feeling Pinch of Rising Health Care Costs
As affordability concerns remain top of mind for many Americans, a timely KFF report examines Medicare beneficiary finances and health care costs, lending context to these anxieties. Recent KFF polling found that as health care costs continue to grow and cost-of-living increases stress household budgets, paying for care and coverage tops the list of consumer financial concerns. In total, 64% of households […]
Why Trump’s ‘anti-weaponization’ fund is so scandalous
President Donald Trump is a studied beneficiary of the Overton window. That is, the many extreme and norm-busting things he does, over time, make things that would once be scandalous appear more mundane and unremarkable.
OnlyFans Owner’s Wife Takes Control of Business After His Death
Leonid Radvinsky’s widow has surfaced as a beneficiary of the business empire behind adult-content platform OnlyFans, the latest example of “sideways” inheritances through rich individuals passing wealth to their spouses.
Business Lookahead: Eyeing oil, US jobs, and European earnings
STORY: From high oil prices and the conflict in the Middle East to U.S. jobs data and corporate earnings, here’s what you need to watch in business and finance in the week ahead.:: Crude and currencyOil prices briefly topped $120 a barrel this week to hit their highest level since 2022 as the war with Iran enters a third month.While the U.S. and Iran face pressure to end a conflict that has shut the Strait of Hormuz, the world watches anxiously as the biggest-ever disruption to energy supplies unfolds.For each week the Strait is closed, keeping oil elevated, the greater the economic risks via higher inflation or weak growth or, for some, both. Oil importer Japan just intervened to prop up a yen that has been weakened by the conflict.A new month is now underway and some traders will be mindful of that old adage, "Sell in May and go away.":: Jobs gyrationsAs the U.S. economy grapples with fallout from the Middle East war, Wall Street's radar turns to Friday's April monthly payrolls report.The U.S. economy likely created 73,000 new jobs, economists polled by Reuters forecast. In March, payrolls increased by 178,000, the most since December 2024, but that followed a sharp decline in February.The U.S. employment data comes amid signs of hawkishness at the Federal Reserve, as Donald Trump pick Kevin Warsh prepares to take over as chair with the U.S. president keen on rate cuts.:: Starmer’s statusThursday's local elections in Britain, usually a non-event for investors, could move markets in a big way, with opinion polls pointing to a heavy defeat for Prime Minister Keir Starmer's Labour Party.A heavy defeat could spark more widespread demands for his dismissal among his own lawmakers and stoke expectations of a successor more willing to run looser budgets. That would bring more bad news for British bonds.::European earningsIt's a big week for European earnings with Shell and Commerzbank among those reporting.On aggregate, profits are expected to grow 3.2% in Q1, according to LSEG I/B/E/S. Under the surface, it's a little bit more complicated. Growth is expected to be driven by just three sectors: financials, tech and energy. The latter is seen as the biggest beneficiary of the Iran war due to higher oil and gas prices.But if the war, and energy surge, persist, the overall outlook for Europe's earnings could turn.
Veterans Health Administration Begins Recovery Audits for Community Care Claims
The Veterans Health Administration has announced the agency is starting recovery audits for community care claims submitted for Veteran and beneficiary care.
MongoDB shares plummet 27% on weak growth in cloud business, muted forecast
MongoDB's shares plunged 27% to a six-month low on Tuesday after the software firm forecast first-quarter profit below estimates and disappointed investors with slower quarterly revenue growth for its cloud database product Atlas. Revenue in the Atlas business, seen as a beneficiary of growing AI adoption, rose 29% in the fourth quarter ended January 31, down from 30% in the previous quarter, with UBS analysts highlighting that MongoDB did not offer a concrete explanation for the relatively softer performance. More than 19 of 42 analysts covering the stock lowered their price targets after the results, LSEG data showed.
Federal Health Care Funding in Place for 2026
On February 3, President Trump signed legislation funding most federal agencies through fiscal year 2026 (FY26), which ends September 30. The package includes key health care extenders and reforms, including Medicare telehealth flexibilities and support for low-income beneficiary outreach. It also largely protects Administration for Community Living (ACL) programs and others which are important to […]
AARP Examines the Importance of State Health Insurance Assistance Programs
Last month, the AARP Public Policy Institute released a report on the State Health Insurance Assistance Programs (SHIPs), outlining the critical role these Medicare counselors have in improving beneficiary health and well-being. SHIPs provide objective, free, one-on-one assistance to Medicare beneficiaries, their families, and caregivers. With locations in every state, over 2,000 offices in communities […]
Lee Health: 30 Years of Impact – Celebrating the Lee Health Foundation
Lee Health has been the grateful beneficiary of philanthropic support since the very beginning.