Investor CAFÉ

Medicaid Now Surpasses Medicare!

I previously wrote about the A&W Pledge as a sound economic policy that is often violated.

“A” stands for “accountability,” the idea that users should pay for the goods or services they buy, including health care and food. “W” stands for “welfare,” that you should only help those who really need help. The secret to good government is to find a balance between A&W. (Click here to read further about the A&W Pledge).

Unfortunately, the A&W principles are now out of balance in the United States. There is too much W and not enough A. Despite a means test for welfare, today 74 million Americans are on Medicaid, surpassing the number of elderly on Medicare (55 million). Almost 43 million Americans are on food stamps, but there are more on Medicaid because of disabilities.

Source: New York Times

Not surprisingly, even Republicans don’t want to rile their voters, many of whom are now getting welfare. (Click here to read the March 28 New York Times article, “In Health Care’s Defeat, Medicaid Comes of Age”).

To read the full article, click here: “Medicaid Now Surpasses Medicare!


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