The Cato Institute has released a new video discussing massive fraud in Medicare and Medicaid, which could easily exceed $100 billion per year. The video is based on a recent article in National Review by Cato director of health policy studies Michael F. Cannon
Video on the debt
Cato Institute Scholars Dan Mitchell and Chris Edwards evaluate the plans offered by Republicans for lowering federal spending using a so-called “Cut, Cap and Balance” proposal that would make small cuts to federal spending in the short run, cap federal spending at a higher share of GDP than the last years of the Clinton Administration, and balance the federal budget using a tax-limited balanced budget amendment to the Constitution.