I agree, probably a big part of why the standard of living has dropped so much in recent years. We should reduce the budget significantly. Government massively missallocates resources
People on Medicaid claim to value the services at only 1/5 of their cost. If you taking that estimate at face value, if you shut down medicaid entirely and just paid each former recipient 20% of the price you'd been paying to provide health insurance, they would be better off. You can debate those numbers and methodology, but it's very suggestive, and very real.
http://marginalrevolution.com/marginalrevolution/2017/07/med...