Medicaid provides health insurance for millions of America’s most vulnerable people. In 2015, it covered 40 percent of all children at a cost of roughly $90 billion. Some have worried that this price tag is too high.
But in a paper in the American Economic Review, author Andrew Goodman-Baconasserts that Medicaid coverage for children has more than paid for itself in the long run.
Goodman-Bacon found that Medicaid eligibility in early childhood reduced mortality and disability and increased employment up to 50 years later. As a result, young children in the 1960s and 1970s, who grew up with Medicaid, became healthier adults who paid more work-related taxes and relied less on welfare.
— Read on www.aeaweb.org/research/charts/childhood-insurance-medicaid-adult-health
From the frigid peaks of Patagonia to the tropical wetlands of Brazil, worsening droughts this year are slamming farmers, shutting down ski slopes, upending transit and raising the price of everything from coffee to electricity.
— Read on www.washingtonpost.com/world/2021/09/24/argentina-brazil-south-america-drought/