Really? So what are the alternatives?
We do away with Medicaid, then what? Hospitals close, people lose jobs, people die.
No, we are not headed to economic ruin because of medicaid, there are many other factors. One being tax cuts when we are not finding our government. Then there's overspending on military. Then people want to talk about efficiency, look at the cost increases of things like privatizing our jails.
To attempt to blame this all on Medicare is asinine.
So, let's just take your approach and do away with medicaid, for sake of argument, we'll also do away with SS. How does that impact society?