Question

What bests describes Medicaid?

a. it is financed via taxpayers

b. it exists to pay the medical costs of the uninsured

c. it is a private payer structure

d. it covers only those who have a low annual income

Answer 1

Option A

Medicaid is a health insurance program by the state governments working jointly to provide health insurance coverage to the poor. Three main beneficiaries of Medicaid include families belonging to the lower income group, the disabled, and the elderly admitted in nursing homes. Taxes bring revenues to both federal and state governments. There are several programs that have the sharing of funds between the federal and the state governments including Medicaid, unemployment insurance program and some other social welfare programs