Which statement about Medicaid is correct?

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Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

Which statement about Medicaid is correct?

Explanation:
Medicaid is a jointly funded public program, financed by both the federal government and the states, with the federal government providing matching funds to states and states contributing their own dollars (often with some local government support). It is not funded by premiums, nor by donations, nor by general revenue without taxes. So the correct statement is that Medicaid is funded by Federal, State and local taxes.

Medicaid is a jointly funded public program, financed by both the federal government and the states, with the federal government providing matching funds to states and states contributing their own dollars (often with some local government support). It is not funded by premiums, nor by donations, nor by general revenue without taxes. So the correct statement is that Medicaid is funded by Federal, State and local taxes.

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