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Medicaid
A federal program that helps finance the medical expenses of individuals covered by the Supplemental Security Income (SSI) and Temporary Assistance for Needy Families (TANF) programs.
Low-income Workers
Individuals employed in jobs that pay wages below a certain threshold, often struggling to meet basic living expenses.
Moral Hazard
A situation in which one party in a transaction has the opportunity to assume additional risks that negatively affect the other party, often arising in insurance and finance.
Underconsume
When consumers buy less of a good or service than is economically efficient, often leading to potential welfare losses.
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