Medicaid is a federally funded and state administered health care program created to provide necessary health care coverage to individuals living in or near poverty. It is an entitlement health care program that is funded by both the federal government and state funds that ensures care is available to those in need regardless of their ability to pay.

When Medicaid was established in 1965, it only covered certain individuals. However, Medicaid has now been expanded to cover both children and adults of all ages who meet the income requirements to receive health care coverage. Generally, individuals must earn an income that is below the declared poverty line in order to qualify for Medicaid. The poverty guidelines are adjusted annually to account for inflation, cost of living, and changes in household size, among many other factors.

Medicaid is an invaluable safety net for individuals who cannot afford private insurance or do not qualify for public health insurance. It covers a wide range of services, such as doctor’s visits, prescription drugs, preventative care, hospital stays, long-term care, and more. It also offers additional support for those with disabilities and pregnant women, as well as access to mental health services, substance abuse treatments, and other supportive services.

Studies have found that increased access to Medicaid leads to greater coverage, an improvement in overall health, and greater financial security for individuals and families. For instance, when states expand Medicaid eligibility to individuals earning up to 138% of the federal poverty line, the rate of uninsured individuals drops by as much as one to two million people. Medicaid expansion also lowers out-of-pocket medical expenses and reduces medical debt, while improving access to essential medical services.

In short, Medicaid is a vital program that helps ensure access to essential medical care and services for those who need it most. It has the potential to reduce the number of uninsured individuals and ensure financial security, while helping to improve overall health outcomes. While Medicaid is a critical health care program, it is also a complex program to understand and can be challenging to apply for. It is important for individuals to research their local Medicaid program and take full advantage of the available benefits.