What is Medicaid?
The Bankrate.com financial term of the day is: "Medicaid."
Medicaid is the U.S. health care safety net for the poor. The program, which is operated jointly by the federal government and the states, was established under a 1965 law and provides health insurance for millions of low-income Americans. Those eligible for Medicaid include families with kids, pregnant women, the blind and the disabled.
Medicaid is the government's health insurance that is a last resort for millions of America's most needy.
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