It's been an action-packed week on Capitol Hill. First, lawmakers approved a continuing resolution to keep the government open through mid-November. Then, eight House Republicans united with Democrats to depose Rep. Kevin McCarthy (R-CA) as speaker.
The chaos in the House will make dealing with our nation's spending crisis even more difficult. The national debt recentlyEnrollment in Medicaid has skyrocketed, largely due to Obamacare's Medicaid expansion and a pandemic-era prohibition on disenrolling people from the program. As of June 2023, Medicaid and the related Children's Health Insurance Program coveredThis disenrollment push won't do much to change the cost trajectory of the program.
They could also give federal Medicaid dollars to the states via block grants so they do not have a perverse incentive to expand their programs to attract more federal money. Under the status quo, each dollar a state spends on Medicaid attractsOn the Medicare side, lawmakers can consider raising the age at which seniors become eligible in order to reflect the increase in life expectancy people have enjoyed since the program was created nearly 60 years ago.
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