Medicaid is a lifesaver for families facing many different challenges, helping them care for their loved ones without having to give up their jobs and saving them from utter financial ruin due to unexpected medical costs.
Medicaid, the public program that provides health and long-term care coverage for low-income individuals and families, covers about 60 million people currently, or 1 in 5 Americans. Medicaid beneficiaries include pregnant women, children and families, individuals with disabilities, and seniors. During down economies, Medicaid places pressure on state and federal budgets as the number of people who qualify for the program grows. Without Medicaid, most of its beneficiaries would be uninsured or lack coverage for essential care.
Two-thirds (66%) of parents with a child in Medicaid/CHIP say they are "very satisfied" with their coverage, compared to less than half (48% of those whose children are covered under their employer plan.
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