The Awesome Efficiency of Medicaid

The last time I talked about health care economics was a mere couple weeks into the lifespan of this blog. In that post, I noticed that Medicare’s costs, while increasing, have increased at a much slower pace than private insurance costs in the United States. Then, today, I ran across this study from Leighton Ku and Matthew Broaddus and learned that it’s not Medicare that should serve as the poster boy of the potential benefits of a “government takeover of healthcare”, it’s Medicaid and SCHIP. Let me show you. Read the rest of this entry »