Cutting Medicaid

In case the next round in the grand bargain follies settles on drastic Medicaid cuts, well here's what we're cutting.

Keep in mind that Medicaid pays for 40 percent of all births and that children comprise half its beneficiaries. But the real cost drivers are older Americans. Medicaid provides financing for 60 percent of nursing-home residents and pays 43 percent of America’s long-term care bill.