Final answer:
Medicaid is a joint federal and state program established in 1965 to provide medical insurance to low-income individuals, with states administering their own programs' benefits and eligibility.
Step-by-step explanation:
The true statement regarding Medicaid is that it is a joint federal and state program. Created by Congress in 1965, Medicaid provides medical insurance for certain individuals with low incomes, including those below the poverty line. It focuses on families with children, the elderly, and people with disabilities. While the federal government contributes to the funding of Medicaid, each state is responsible for administering its own program, which means they have the authority to set the level of benefits and eligibility requirements. As a result, Medicaid can vary from state to state.