Benefits Of Medicaid

Medicaid is the nation’s largest and expanding health insurance, signed by President Lyndon B. Johnson on July 30, 1965 (Williams, 2015). Medicaid is a crucial source of health insurance coverage as the program fills gaps in health insurance coverage for low-income families and children, and elderly and disabled Medicare beneficiaries. Each state manages their own program, and is allowed to set different requirements and other guidelines and coverage may also vary. To receive Medicaid, an individual must meet certain requirements, and also must go through an application process. The program typically helps low-income individuals or families, as well as elderly, children, pregnant women or disabled individuals. The Medicaid program is funded
Some scholars think that the policy is nice and needs to be continued, whereas, some think Medicaid is just a waste of money and the program needs to be stopped. Even when we ignore the significant benefits like increased prevention, increased diagnosis and treatment of disease, and financial protections for the family, Medicaid seems worth the investment. This incremental cost-effectiveness ratio is well below the cost of most medical and social policy investments that we as a society choose to make, such as treating disabling spinal problems or placing smoke detectors in homes (Muennig, Quan, Chiuzan & Glied, 2015). Medicaid is a very good investment, although it might not do much for high cholesterol, blood pressure, or blood sugar (Baicker, Taubman, Allen, Bernstein & Gruber,
They also believe that Medicaid discourages work and charitable efforts among the taxpayers who fund it. It discourages self-sufficiency and encourages dependence among beneficiaries or consumers. The consumers of Medicaid overuse medical care leading to high cost. Medicaid also gives patients poorer-quality care than they could obtain with private coverage (Cannon, 2015). Scholars also believe that reduced financial strain didn't result in better health outcomes. They suggested that the financial burden of Medicaid could be decreased by giving cash directly to poor people. They also suggest that health insurance should not compensate for ordinary repairs, but only compensating for actual disasters. They believe that Medicaid makes no meaningful difference, compared to being uninsured (Grant,