A Deal to Save Medicaid, the Unemployed and State Budgets
Covid-19’s economic devastation has revealed gaping holes in our safety net, as decades-old structures for Medicaid and unemployment insurance are compounding the pain caused by disease and job loss. Let’s be honest, we would not today design them as they were created. The CARES Act took steps to fix these programs, but they need permanent institutional reform and modernization.
As the next stimulus package focuses on state and local aid, nothing would give greater assistance to state and local budgets than to be relieved of their share of funding for Medicaid and unemployment insurance. They should then be required to use that savings to boost their investment in infrastructure and education, invigorating states’ fiscal health and their economies.
This federal-state Grand Bargain would solve festering problems in health care and unemployment assistance by creating uniform national standards.
Years of political …continued .
[Source: New York Times]