Which of the Following Statements Is NOT True About Medicaid

question 21

Multiple Choice

Which of the following statements is NOT true about Medicaid?

• A)It is a public assistance program.
• B)It is funded by general tax revenues.
• C)It serves all Americans who cannot afford health insurance.
• D)It lacks broad support among Americans.
• E)Most Republicans opposed its creation.

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Definitions:

Bad Debt Expense

The estimated amount of receivables that a company does not expect to collect.

Uncollectible Account Receivable

A receivable that is considered unlikely to be collected, representing a loss to the company.

Operating Income

Income generated from normal business operations, calculated as gross income minus operating expenses.