The Costs of Not Expanding Medicaid

I generally don’t like to tell people that I majored in economics in college, because – the painful truth be told – there’s not a lot that I actually remember about “the dismal science.” One of the few things I do remember, however, is the concept of “opportunity cost.” That’s the name economists give to the cost of not doing something. Which brings us, in today’s lesson, to Medicaid, the government-sponsored health insurance program for certain groups of low-income Americans. …