As distinct from Medicare, Medicaid is a
a. federally funded, state-administered program that pays medical and hospital costs for welfare recipients and other low-income people
b. federally funded and federally operated program that pays medical and hospital costs for welfare recipients and other low-income people
c. state-funded and state-operated program that pays medical and hospital costs for welfare recipients and other low-income people
d. federally funded and federally operated program that pays medical and hospital cost for elderly (over 65) welfare recipients
e. state-funded program which pays the medical and hospital costs for elderly (over 65) welfare recipients
A
You might also like to view...
Which of the following is a major reason why the Medicare program is in such financial trouble?
A) Workers are not paying enough into the program. B) The government set reimbursement rates too high. C) Because medical services are subsidized by the government, both consumption by the elderly and the cost of services have increased. D) There is a shortage of medical school applicants.
One part of the supply-side argument is that
A) lower marginal tax rates are required to induce Congress to reduce government spending. B) lower marginal tax rates can increase total tax revenues. C) the marginal tax rate should be set at 50 percent. D) the relevant aggregate supply curve is close to horizontal.