Similarities Between Medicare And Medicaid

Although people link Medicare and Medicaid; Medicaid is entirely different. Medicaid is also a federally funded insurance program however this program serves low-income and underprivileged populations. Although Medicaid is federally funded, funds are allocated and distributed by the state. The state is mandated to facilitate programs for Medicaid; additionally, the state determines the eligibility of Medicaid recipients, the type of service received, the duration, and the scope of service. The state also regulates payments for services.

In 2015 the cost of Medicaid in the United States was estimated to be $552.0 billion, the projected cost includes administrative cost, accounting adjustments, and Outland U.S. Regions.