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Will ObamaCare Prove More Costly Than Medicare and Medicaid?

One consistent argument in favor of expanding government-run health care in the U.S. goes like this: “We’re the richest country in the developed world, so we should be able to provide universal health care like all the other developed countries.” Well, we are a heck of a lot richer than we were in the 1930s or 1960s, when Social Security, Medicare, and Medicaid rolled out. Despite our significant increase in income, those three programs are bankrupting the nation. And ObamaCare wreaks more fiscal havoc at a significantly faster rate than any of those programs…Read More

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