About Medicaid
Medicaid is a joint federal and state program that provides health insurance to low-income individuals and families, ensuring access to essential medical services. Established in 1965 alongside Medicare, Medicaid is funded by both federal and state governments, with the federal government matching state expenditures based on a formula that considers the state's per capita income. As of 2023, Medicaid covers over 75 million Americans, including eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities. The program offers a comprehensive range of benefits, such as inpatient and outpatient hospital services, physician services, laboratory and X-ray services, home health services, and long-term care. Medicaid is crucial in reducing healthcare disparities, improving health outcomes, and providing a safety net for the most vulnerable populations in the United States.