Since Its Creation, Medicaid Has

question 45

Multiple Choice

Since its creation, Medicaid has

• A) grown large and complex, serving a variety of special interest groups.
• B) remained unchanged and true to its original intent.
• C) been substantially downsized due to the general financial challenges facing the United States.
• D) been absorbed by the Social Security Administration in a cost-cutting move.
• E) The program was eliminated in 1996.

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Definitions:

Fractional Reserve System

The fractional reserve system is a banking system in which banks hold reserves that are less than the amount of their customers' deposits, allowing them to lend or invest the remainder to earn interest.

Interest-Rate Ceilings

Caps set on the interest rate that can be charged on loans, often to protect consumers from excessively high rates.

Bankers

Individuals or institutions that are engaged in the business of dealing in money, providing loans, and accepting deposits.

1970s

A decade known for significant economic, political, and cultural changes worldwide, including the oil crisis and the end of the Bretton Woods system.