Medicaid is a public health insurance program created for low-income families and individuals. It’s funded by state and federal governments and was established in 1965.
What is Medicaid?
Medicaid serves many different populations. As of May 2019, 43% of enrollment came from children, 37% from adults, and 12% from blind and disabled individuals, and total Medicaid spending for these three groups was 34% for adults, 32% for blind and disabled individuals, and 20% for children. To be eligible for Medicaid, individuals and families must be at least 138% below the poverty line ($29,974 for a family of three in 2020).