| | | Freedom Caucus — Medicaid will bankrupt this country.
In the last five years, federal Medicaid spending has skyrocketed from $409 billion in 2019 to $618 billion in 2024, a 51% increase. Despite being 60 years old, a third of Medicaid’s growth has occurred in those same five years. And in the next decade, the Congressional Budget Office projects that Medicaid will cost more than $1 trillion annually, rivaling the size of Saudi Arabia’s current economy.
When Obamacare introduced an entirely new class of able-bodied adults to Medicaid, the program exploded, and the federal government took on the majority of the costs. Under President Joe Biden, the Centers for Medicare & Medicaid Services (CMS) withdrew 13 waivers for Medicaid work requirements, once again dramatically expanding the program and costing taxpayers billions.
Medicaid was never meant to be this expansive.
Medicaid was intended to assist vulnerable populations like the disabled, pregnant women, children and people in poverty. Today, able-bodied, working-capable adults are on course to become the largest subgroup on Medicaid. |
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