Which of the Following Is NOT True Regarding Medicaid

question 32

Multiple Choice

Which of the following is NOT true regarding Medicaid?

• A)Medicaid covers approximately one­fifth of the county's population.
• B)Medicaid is means tested with eligibility determined by whether an individual falls below a floor set by the federal government.
• C)Medicaid costs federal and state governments more than $300 billion a year to operate.
• D)Funding for Medicaid is largely supplied by the federal government,with states picking up less than 10 percent of the tab.

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Definitions:

Partnership

A legally recognized arrangement in which two or more persons co-manage a business and distribute its profits among themselves.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business.

Bankruptcy

A legal status of a person or entity that cannot repay debts to creditors and seeks relief through court proceedings.

Small Businesses

Enterprises characterized by smaller scale operations, fewer employees, and less revenue compared to larger corporations.