Medicaid was created by Congress in 1965 and came to Texas two years later, a program designed to provide health benefits to specific groups—initially, to recipients of certain cash assistance programs. Since then, eligibility has gradually expanded and caseload growth has made Medicaid the single largest program in the state budget. In 2001, Medicaid consumed 20% of the All Funds (AF) budget but now accounts for nearly 30% of the 2016-17 budget.
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...