What is the name of the federally funded program designed to assist low-income individuals?

Medicaid is the federally funded program designed to assist low-income individuals by providing health coverage. Established in 1965, Medicaid is a state-managed program that works in partnership with the federal government to help cover medical expenses for eligible individuals, including families, pregnant women, children, the elderly, and people with disabilities. Each state has its own criteria for eligibility and benefits, but the primary goal remains the same: to ensure that low-income individuals receive necessary medical care without the burden of exorbitant costs.

This program plays a crucial role in the U.S. healthcare system, as it allows individuals who might otherwise be unable to afford healthcare access to services such as hospital stays, routine check-ups, preventive care, and long-term care. By covering a range of healthcare services, Medicaid helps improve health outcomes for vulnerable populations and reduces the financial strain associated with medical expenses. In contrast, the other programs mentioned either focus on different demographics or do not specifically target low-income individuals in the same way that Medicaid does.