US business news live updates: Social Security benefits, SNAP payments, financial aid and interest rates
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2023-09-15 10:30
US business news live updates: Social Security benefits, SNAP payments, financial aid and interest rates
Medicaid is a health insurance program that is funded jointly by federal and state governments which strives to help low-income individuals have access to healthcare . It was established to provide medical coverage to children, parents, pregnant women, the elderly and the disabled who have limited income. Although the federal government sets some basic ground rules, each state can choose whether to offer more healthcare services than those mandated. The Affordable Care Act allocated funding for states to expand coverage to all adults with income no more than 133% of the Federal Poverty Level (FPL).

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