Medicaid was created by Congress in 1965, and focused on providing health care benefits to recipients of certain cash assistance programs. More than four decades of incremental policy expansion have made it the largest government health program-providing benefits to more people and at a higher cost than Medicare.
Bankrupt by Free Health Insurance
As the federal government is seeking to expand the Obama Affordable Care Act by extending subsidies and giving more people coverage, bankruptcies linked to medical debt have not fallen. Instead, they have risen. Most Americans filing for bankruptcy over medical bills have medical insurance. The Affordable Care Act failed to cure medical bankruptcies. A 2019...