Final answer:
True, Medicaid provides health insurance to low-income families, including those below the poverty line, and is jointly funded by states and the federal government.
Step-by-step explanation:
True, Medicaid is offered to low-income families to pay for healthcare. Established in 1965, Medicaid is a joint health insurance program funded by both the federal government and the states. It primarily serves low-income individuals, including those below the poverty line, with a particular focus on families with children, the elderly, and people with disabilities.
Each state administers its own Medicaid program, thereby setting its eligibility requirements and benefit levels, resulting in varying levels of service across the country. In 2020, the total cost for Medicaid was about $627 billion, with the federal government covering approximately $405 billion of this amount.
In summary, Medicaid provides essential health coverage to eligible low-income Americans, ensuring a basic level of benefits and aiming to address the needs of the most vulnerable populations.