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The Worst Entitlement Program in Our History

Here is something you can take to the bank. If politicians don’t have a vision of healthcare reform—one they understand and can articulate—the special interests will supply the vision for them. That is what happened with Obamacare. It’s what has happened with a number of recent Republican health reform proposals. And it is what happened 13 years ago when George W. Bush and a Republican Congress decided to add a Part D prescription drug benefit to Medicare.

What brings this to mind is a scathing biography of President Bush by Edward Smith. The first sentence of his book: “Rarely in the history of the United States has the nation been so ill-served as during the presidency of George W. Bush.” The main reason? “[H]is decision to invade Iraq is easily the worst foreign policy decision ever made by an American president.”

Strangely missing from the indictment is Medicare. In fact, Smith actually likes what Bush did to Medicare. But that’s because he doesn’t understand health policy any better than the Bush White House understood it. In fact, what the Bush administration did to Medicare is arguably the worst domestic policy decision in history of the country.

John C. Goodman is a Senior Fellow at the Independent Institute, President of the Goodman Institute for Public Policy Research, and author of the widely acclaimed Independent books, A Better Choice: Healthcare Solutions for America, and the award-winning, Priceless: Curing the Healthcare Crisis. The Wall Street Journal and the National Journal, among other media, have called him the “Father of Health Savings Accounts.”

New from John C. Goodman!
A BETTER CHOICE: Healthcare Solutions for America
Obamacare remains highly controversial and faces ongoing legal and political challenges. Polls show that by a large margin Americans remain opposed to the healthcare law and seek to “repeal and replace” it. However, the question is: Replace it with what?

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