Which of the Following Is True About the Medicaid Program

question 24

Multiple Choice

Which of the following is true about the Medicaid program in the United States

• A) It is entirely financed by the federal government.
• B) It is a means-tested entitlement program that mandates payment for medical services, mainly to those with low incomes.
• C) It is jointly financed by the federal and state governments and is absorbing a significant share of the state government budgets.
• D) both b and c

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Definitions:

Income

The financial gain that an individual, business, or economy receives, usually in the form of money or other valuables, from various sources within a specified period.

Savings

The portion of income not spent on current consumption, often put aside for future use or investment.

Business Firms

Organizations engaged in commercial, industrial, or professional activities, typically structured as partnerships, sole proprietorships, or corporations.

Corporations

Legal entities that are separate from their owners, with the right to own property, enter contracts, and engage in business.