Increases and decreases in Medicaid expenses in texas are directly related to increases and decreases in poverty rates.
What is Medicaid?
- The nation's public health insurance program for those with low incomes is called Medicaid.
- One in five Americans are covered by the Medicaid program, including those who have complicated and expensive medical needs.
- The program is where most Americans get their long-term care insurance. Most Medicaid beneficiaries do not have access to other cheap health insurance.
- Medicaid limits enrollee out-of-pocket expenses while providing coverage for a variety of healthcare services.
- Medicaid provides considerable funding for hospitals, community health centers, doctors, nursing homes, and jobs in the healthcare industry, accounting for close to 5% of all personal health care spending in the U.S.
- The program is governed by a substantial corpus of federal regulations that specify federal Medicaid obligations as well as state alternatives and powers.
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