Tuesday, April 5, 2011
What is Medicaid?
Basically, Medicaid is a program that helps fund health insurance for people who are very poor. It is run state by state, and as a result varies from state to state. Medicaid is becoming more and more like Medicare, because of the increased portion of its money being spent on sending elderly people to nursing homes.
When did Medicaid begin?
Medicaid began in 1965.
How is it funded?
Medicaid is funded by both state and federal budgets, IE your tax money. This makes it unique in the fact that it draws money from multiple sources. This also means your state has some control on the topic. The main difference is Medicaid gets funding from both state and federal governments, while Medicare just gets Federal money.
Who is eligible?
It primarily targets: low income people, disabled people, and aliens (do I even need a controversial section now? =P)
Like Medicare, Medicade is also able to cater to your individual insurance plans in order to provide enhanced care. But on second thought, if you can afford private health care, do you really need Medicaid? =)
Why is it controversial?
-Medicaid supports illegal aliens and provides health care for them. This is quite infuriating to many people, as you might imagine.
-Medicaid often provides low quality or shoddy assistance - better than nothing, right? However, Medicaid is also quite abused.
-Medicaid does not have the insane spending problems that Medicare has, but it is still a bit bothersome, and funding always seems to be an issue.