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Informative Essay On Medicaid

803 Words4 Pages

Medicaid is the largest source of funding for health services, covering about 67 million people in the United States. Medicaid is a financial program that assists with medically necessary health services for low-income families and individuals. The Federal and State government jointly fund this effort. As part of the Social Security Act, President Lyndon B. Johnson in Independence, Missouri created the Medicaid program on July 30th, 1965. Medicaid makes payments, or reimbursements, to healthcare providers for their services on behalf of the beneficiary on a fee for service contract. There are specific population groups that Medicaid covers with various services. There are over twenty-five different criteria that allow an individual to be eligible for Medicaid. In general, you have to be a United States Citizen, be a resident of the state in which you apply, and have a Social Security number. The Federal government requires states to cover particular population …show more content…

This is one of the largest healthcare reforms and contributed to a substantial Medicaid transformation. It a complex legislative plan that intends to increase access to quality care by increasing health insurance eligibility and to cut the United States health care spending. Many provisions have been made by the ACA. One is guaranteed issue, which disallows insurance companies from denying coverage due to pre-existing conditions. All individuals will be mandated to have coverage by Febuary 15th, 2015 and those who do not comply, will incur tax penalties that have started to be phased in already. Large employers must offer health insurance to cover their full time workers, or pay tax penalties. Since the Affordable Care Act’s implementation, there has been a significant increase in the amount of individuals and families covered by affordable health

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