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Romney: I Didn't Know What Medicaid Was 'Before I Got Into Government'

Millionaire Republican presidential candidate Mitt Romney admitted Friday that he wasn't sure what Medicaid was before being elected as governor of Massachusetts at the age of 55. "Medicaid, you wonder what Medicaid is, those that are not into

concluded that "[t]o maintain current service levels in the Medicaid program, states would probably need to consider additional changes, such as reducing their spending on other programs or raising additional revenues."

"Alternatively, states could reduce the size of their Medicaid programs by cutting payment rates for doctors, hospitals or nursing homes; reducing the scope of benefits covered; or limiting eligibility," the CBO said.

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