Part IV. Good Politics Usually Makes for Bad Economics
Why has reforming Medicare, Medicaid, and Social Security been so difficult? And why is undertaking such reforms so extremely important to the long-term health of the American economy? How has the passage of ObamaCare legislation set up both our health care system and our broader economy for failure? And should we try to fix ObamaCare or simply start over? The next two chapters tackle these critical questions.
Chapter 8, “Cutting the Gordian Knot of Entitlements,” explains why, in the absence of reform, the rapidly escalating funding requirements of Social Security, Medicare, and Medicaid will inexorably lead to a massive tax burden, a massive debt burden, or the squeezing out of virtually ...
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