Across the country, states are debating whether to expand Medicaid and pull down billions more in federal funding from Obamacare. But an even more important issue is being neglected. The current Medicaid program is almost irreversibly broken and needs to be replaced.
The most glaring problem is exploding costs. Medicaid is now the single largest and fastest-growing program in most state budgets, consuming about a quarter of all state spending. The Congressional Budget Office announced last month that Medicaid spending is projected to more than double over the next decade, rising from $258 billion in 2012 to $622 billion in 2022.
GUEST ALERT: John Daniel Davidson joins Rod at 4:35pm to discuss Medicaid Expansion
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