Final answer:
Medicaid is the federal- and state-sponsored health insurance program for the medically indigent. It provides medical insurance for certain low-income people, including families with children, the elderly, and the disabled.
Step-by-step explanation:
The federal- and state-sponsored health insurance program for the medically indigent is called Medicaid. Congress created Medicaid in 1965 as a joint health insurance program between both the states and the federal government. It provides medical insurance for certain low-income people, including those below the poverty line, with a focus on families with children, the elderly, and the disabled. The program ensures that participants receive a basic level of benefits, but eligibility requirements and levels of service may vary from state to state.