Answered step by step
Verified Expert Solution
Question
1 Approved Answer
According to Introduction to Medicaid (2020), over two-fifths of Medicaid members are children, but only one-fifth of Medicaid expenditures is allocated to them. While seniors
According to Introduction to Medicaid (2020), over two-fifths of Medicaid members are children, but only one-fifth of Medicaid expenditures is allocated to them. While seniors and individuals with disabilities make up only one-fifth of Medicaid enrollees, they are responsible for over half of Medicaid spending because of their increased need for health care services, which can be costly (Introduction to Medicaid, 2020). The annual cost of Medicaid services is more than 800 billion dollars, divided between the federal government and the states. The amount that the federal government spends on Medicaid is significantly influenced by state policies. This is because states have the authority to determine who is eligible, what services they will cover, and how much they will pay for covered services. In addition, states are guaranteed federal Medicaid matching funds for the costs of covered services provided to eligible individuals.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Answer The passage provides an overview of the Medicaid program highlighting key points about its en...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started