Medicare and Medicaid are in danger of further cuts in the years to come.
Here's another option:
Save Medicare and Medicaid by issuing new debt-free United States Money. For example, issue $1000 per capita (roughly 2% of GNP). Grant a portion of this total to states, in proportion to their Medicaid expenses.
Sound too good to be possible? Consider:
1953 $2 note by Wikimedia Commons
There are two very good reasons to fund Medicare and Medicaid by issuing new debt-free United States Money:
1) avoid federal and state cuts to these programs
2) reduce the federal deficit and state budget difficulties
The debt ceiling dispute takes as given that it's tax-or-borrow-or-cut. Why not think outside that box?
Issue a reasonable amount of new debt-free United States Money and spend it into the real economy for health care. This would have a non-inflationary, revitalizing effect on the physical economy. Yes, the banks will lose a little business. Companies are not human beings. The human beings will be living in a better economy.