What Is the Major Difference Between Medicare and Medicaid

question 8

Multiple Choice

What is the major difference between Medicare and Medicaid?

• A) Medicaid funding comes totally from state taxes, Medicare is a federal program
• B) Medicaid only covers people younger than age 65; Medicare only covers people over age 65
• C) Medicaid insures at-risk infants and children, Medicare does not insure infants
• D) Medicaid is required of everyone below the poverty line; Medicare is required of people over age 65

---

Definitions:

Subsidiary Company

A company that is completely or majority-owned by another corporation, known as the parent company.

Parent Company

A corporation that owns enough voting stock in another corporation to control its management and operations.

Amortization

The process of gradually writing off the initial cost of an asset over its useful life.

Bond Investment

An investment in debt securities issued by corporations or governments to finance their operations.