The regulatory process consists of many stages, but the essential first step is answering the question "what's the problem?" A thorough regulatory impact analysis should provide evidence that the regulation addresses a significant, systemic problem and trace that problem back to its root cause. A cursory or faulty analysis of the problem prevents regulators from devising an effective solution and considering realistic alternatives. http://mercatus.org/events/identifying-problem-first-step-regulatory-process…

Top experts explain everything you wanted to know about Medicaid—from federal-state financing to potential reforms.