Medicaid

Definition

Medicaid is a government-funded program in the United States designed to provide health insurance coverage to individuals and families with low income and resources. It is a key component of the social safety net within contemporary democratic liberalism, aiming to ensure access to healthcare for those who might otherwise be unable to afford it.

Related terms

Affordable Care Act (ACA): A comprehensive health care reform law enacted in March 2010, aimed at expanding healthcare coverage, including Medicaid, and reducing healthcare costs.

Social Safety Net: A collection of services provided by the state or other institutions like welfare, unemployment benefits, and healthcare intended to support individuals facing economic hardship or social disadvantages.

Universal Healthcare: A system that provides health care and financial protection to all citizens of a particular country, funded by taxation and aimed at ensuring equitable access to healthcare services regardless of wealth or income level