Which one of the following statements best describes Medicaid.

Which one of the following statements best describes Medicaid.



A. It is a federal program that provides long-term care benefits to anyone who is enrolled in Medicare.


B. It is a social insurance program that provides medical expense benefits to certain categories of persons, regardless of their income and assets.


C. It is a means-tested federal-state welfare program that covers the medical expenses of low income persons.


D. It is a series of state programs designed to make medical expense coverage more readily available to all state residents.



Answer: C

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees