This looks like a reasonable solution that has the benefit of respecting our federalist traditions, while stabilizing Medicare.
Originally posted on International Liberty:
This election season has seen lots of talk (and demagoguery) about whether investors, entrepreneurs, and small business owners should be hit with class-warfare tax policy.
And there’s also been lots of sturm and drang about the best way of averting bankruptcy for Medicare, which is the federal government’s health care program for the elderly.
I’m not prone to optimism, but I can’t help but wonder if this is because even statists grudgingly accept that the program needs to be reformed.
If so, the right approach is block-granting the program back to the states. Here’s some of what Paul Howard and Russell Sykes had to say about the issue in the Wall Street Journal.
Medicaid, America’s safety-net program for more than 62 million low-income uninsured…
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