Across the country, state governments have been considering whether to expand Medicaid coverage as envisioned by the Affordable Care Act (ACA or "Obamacare"). To help break down what's at stake, a new video—based on a recent study by Mercatus Center scholar Charles Blahous—reviews the key factors states must consider in this complex decision.

By examining how real governments have operated, this book demonstrates why—despite their diverse designs—in practice all political and economic systems are variants of either liberalism or cronyism.