One of the best kept secrets of the Affordable Care Act (ACA) is that it imposes a global budget on Medicare spending—for the first time in the program’s history. Heretofore, Medicare was a pure entitlement program. The government had to pay for whatever care the elderly and the disabled obtained. But going forward, the health reform law imposes a cap on spending.
What Seniors Have to Fear from Obamacare
Also published in Forbes (10/28/2014)
John C. Goodman is a Senior Fellow at the Independent Institute, author of Priceless: Curing the Healthcare Crisis and President of the Goodman Institute for Public Policy Research.
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