What is the largest source of funding for the medical care of Americans with low income?

Medicaid is the largest source of funding for medical care for Americans with low income. Established in 1965, Medicaid provides health coverage to eligible low-income individuals and families. Funded jointly by state and federal governments, it offers a broad range of healthcare services, including hospital visits, preventive care, long-term care, and more, significantly reducing the financial burden on low-income patients.

The program is specifically designed to ensure access to healthcare for vulnerable populations, such as children, pregnant women, the elderly, and individuals with disabilities. As a result of this focused support, Medicaid plays a crucial role in improving health outcomes and providing essential services that might otherwise be inaccessible to low-income individuals. This emphasis on underserved populations distinguishes Medicaid from other types of health insurance such as Medicare, which primarily serves older adults and certain disabled individuals, and private insurance, which may not be affordable for those with low income.