" Medical Insurance For All Americans - NERROLOADED

Saturday, November 17, 2018

Medical Insurance For All Americans

Medicaid – Medical Insurance For All Americans,What is Medicaid? 
Medicaid is a type of insurance program that provides free or low-cost health insurance coverage to some of the low-income people - families and children, pregnant women, the elderly, and people with disabilities. Many states have gone further to expand their Medicaid programs to cover all people below certain income range. Medicaid funding usually comes from two areas - state and federal coffers. Because Medicaid is jointly run by federal and state governments, there is a significant disparity in Medicaid programs from one state to another.
Part of the provisions in the Medicaid program is to expand the Medicaid program to cover additional low-income individuals and families, which includes childless adults. As such, 90 percent of the funding comes from the federal purse. This is to help do more coverage for new enrolments in states that have opted to expand their Medicaid programs. Funding from the federal government covered 100 percent of the cost between 2014 and 2016; the states are gradually picking up a small portion of the cost and will be paying 10 percent starting from 2020, which will make it a 90/10 federal/state ratio.
The Supreme Court had ruled that it is left to states to decide whether or not to expand their Medicaid. This means it is not all states that are expanding their Medicaid programs. As of late 2017, 31 states and District of Colombia have expanded their Medicaid programs. Voters in Maine have approved Medicaid expansion through a ballot. If that becomes a reality, it would mean 18 states have decided not to expand Medicaid, although there are contentions about how Maine is going to fund its portion of the Medicaid cost.
Medicaid is funded in part by the government and by the state where those enrolled live. For Medicaid populations who are not part of the Medicaid expansion, the federal government pays at least half of the cost of coverage, but federal funding is higher in states with lower per-capita incomes.

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