Definitions for "medicaid"
A program controlled by the United States government to provide health care for the needy. It is funded by contributions from the salaries of workers, and is therefore a form of health insurance.
A federal program that pays for health care to lower-income people or those who are aged, blind, disabled, or pregnant.
A federal-state matching entitlement program which covers the health expenses of the needy. Generally, it covers the full spectrum of health services including hospitals, physician's services, clinics, lab tests, prescription drugs, LTC, etc. Generally, prospective beneficiaries must first "spend down" nearly all their liquid assets on LTC before qualifying for the program. Medicaid reimbursement rates average 20% lower than private pay rates.
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