Medicaid was established in 1965 under Title XIX of the Social Security Act as a joint federal and state program in the United States.
The goal of Mediacaid and how it is funded
It aimed to provide healthcare coverage to low-income individuals and families, including certain groups like pregnant women, children, elderly, and people with disabilities.
Funding for Medicaid comes from both federal and state governments. The federal government sets minimum requirements for coverage and provides matching funds to states based on a Federal Medical Assistance Percentage (FMAP).
This percentage varies by state, with the federal government covering a significant portion of the costs. For instance, poorer states receive a higher federal match.