In 1965, Congress Created the Medicaid Program, a State-Federal Program

question 38

Multiple Choice

In 1965, Congress created the Medicaid program, a state-federal program, to

• A) direct cash payments to citizens living in poverty.
• B) provide welfare benefits to the general public regardless of income.
• C) assist Texans with their prescription medications.
• D) provide wellness checkups for all Texas children.
• E) provide health care for the poor.

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Definitions:

Net Present Value

A financial metric used to evaluate the profitability of an investment, accounting for its time value of money.

Capital Budgeting

The process of planning significant investments in projects that have long-term implications such as the purchase of new equipment or the introduction of a new product.

Screening Tool

A method or instrument used to assess or evaluate certain characteristics in individuals or scenarios, often used in healthcare, employment, and research.

Net Present Value

Net Present Value calculates the difference between the present value of cash inflows and the present value of cash outflows over a period, used to assess the profitability of investments.