Final answer:
The statement is true; Medicaid is a federal-state health insurance program created in 1965 that provides coverage to eligible low-income individuals, with states responsible for administration within federal guidelines. The ACA sought to expand Medicaid coverage.
Step-by-step explanation:
The statement that Medicaid is health insurance for the poor and is administered by each state within certain broad federal requirements and guidelines is true. Congress created Medicaid in 1965 as a part of Lyndon Johnson's Great Society. This health insurance program is a partnership between the federal government and the states. The federal government provides funding, but it is up to each state to manage the program, including deciding the level of benefits and eligibility. Medicaid provides medical insurance for specific low-income individuals including the near-poor, those below the poverty line, low-income families with children, the low-income elderly, and the disabled.
Each state operates its Medicaid program differently, which means the level of coverage and services can vary significantly from one state to another. There are federal guidelines that states must follow, but they have the authority to shape their Medicaid programs to better fit their population's needs. Furthermore, the Affordable Care Act (ACA) introduced measures to expand Medicaid to a larger portion of low-income Americans by providing additional federal funding to states that agreed to extend their coverage.