Medicaid is the United States’ public health insurance program for people with low incomes and chronic health conditions. Medicaid covers one in five Americans; mostly children, people with disabilities, and the elderly. The Affordable Care Act (ACA; aka Obamacare) expanded Medicaid coverage to include the working poor (those who make 138% of the Federal Poverty Level or below) who do not typically have access to affordable care. Thirty-two states have implemented the ACA’s Medicaid expansion. Some states, along with the Trump administration, have pushed for imposing a work requirement for Medicaid recipients.

Of the 25 million affected by the Medicaid expansion nearly 80% live in working families, many of whom are self-employed. Close to half of working Medicaid enrollees work for small businesses which often do not offer health coverage. Most of those who are not working report inability to work due to illness, disability, or caregiving responsibilities.

Kentucky

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Having health insurance is vital to one’s health and financial well-being in the United States.  Out-of-pocket medical expenses are the leading cause of personal bankruptcy.  Even with new laws such as the Affordable Care Act (ACA)—aka “Obamacare”—11.7% of Americans remain uninsured.

Analysts have only recently been able to examine the data of uninsured rates prior to ACA’s implementation to now.  WalletHub released the stats for all 50 states and Washington DC and ranked each by their current uninsured rate; Massachusetts is ranked highest with only 3.28% uninsured, and Texas is ranked last with 19.06%.

In numbers, even the last-ranked state Texas reduced children’s uninsured rate by 23.88% and adult uninsured rate by 19.27% between 2010 and 2014. Even with the current highest rate of uninsured Americans, 827,997 people gained health insurance coverage in Texas in the years being analyzed.

Over 10,000,000 previously uninsured Americans are now covered under the ACA.  In a previous

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In the past five years since the passage of the Affordable Care Act (ACA), there have been strong supporters and fierce opponents.  No matter what side of the ACA one falls, it’s hard to deny the positive results it has had in some people’s lives. Since 2013, uninsured rate dropped by 31% among Americans ages 50-64.

Elderly Americans are among the most underserved populations in the country, and are at risk of struggling with poverty and disparity in health care.  The ACA expanded access to health insurance coverage to 50- to 64-year-olds through several provisions, including expanding eligibility for Medicaid, subsidies for consumers purchasing coverage through the new health insurance Marketplaces, prohibiting insurance companies from denying coverage or charging higher rates based on medical history, and restricting how much insurers can increase premiums for older consumers.  Prior to the ACA this age group often went without access to health insurance due to high costs, denials based on pre-existing conditions, and limited Medicaid eligibility.

Between December 2013 and December 2014, uninsured rates dropped from 11.6%

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Here at NeedyMeds we regularly refer people to their state’s Medicaid program, and in today’s blog post we are going to explain exactly what Medicaid is and how it functions. Are you currently enrolled in Medicaid? Share your experience with us in the comments section.

How is it Financed?

Medicaid, sometimes called Medical Assistance, is a joint federal and state entitlement program for people with limited income that helps to pay for medical costs. It receives a combination of funding from both the state and federal government. The amount paid to each state by the federal government, also known as the Federal Medical Assistance Percentage or FMAP, varies depending on multiple criteria, notably per capita income. From Medicaid.gov,The regular average state FMAP is 57%, but ranges from 50% in wealthier states up to 75% in states with lower per capita incomes. FMAPs are

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