Cost of GOP tax bill puts entitlement programs at risk of cuts

0
7

This is the program that helps meet health-care and long-term care needs of low-income people — and, advocates say, could top the list of targets for budget cuts.

It is the third-largest domestic program in the federal budget after Social Security and Medicare, costing the government $364 billion in 2016.

Medicaid is funded jointly by the states and the federal government. States get at least $1 in federal funds for every qualifying $1 a state spends on the program, although in some cases they get even more. Federal funds come from general revenue.

Many older Americans rely on the program. In 2014, 7.4 million seniors used it, accounting for 21 percent of program spending, according to the Henry J. Kaiser Family Foundation, a research firm.

Basically, when retirees run out of money and need nursing-home care or other long-term care, Medicaid steps in. (Medicare does not cover long-term care.) It also supplemented coverage for nearly 11 million Medicare beneficiaries.

The largest group of beneficiaries are 34 million children, accounting for 19 percent of the program’s spending in 2014, Kaiser research shows.

best personal finance advice ,basics of personal financial planning ,financial advisor ,financial management for individuals ,how to finance money ,need for personal financial planning ,personal finance university ,personal finance reddit ,personal financial analysis ,financial planning retirement ,personal finance advisor ,personal finance articles 2016 ,online money management tools ,best online money management ,best personal finance sites ,financial planning news ,simple personal finance app ,financial planning firms ,money manager online ,reddit personal finance ,personal investing websites ,financial planning websites ,financial advice news ,business and personal finance ,family financial planning ,personal finance options ,personal finance management system ,personal financial planning template ,best online personal finance ,financial planning advisor ,best personal financial planning software ,my budget money management ,advice on personal finance ,financial planning software ,financial planning help ,financial planning services ,personal financial plan ,personal finance guru ,tips on personal finance ,personal finance software reddit ,financial planning companies ,budgeting and personal finance management ,personal finance videos ,best money management ,online money manager ,financial software ,personal finance basics ,financial planning advice ,financial planning magazine ,personal financial advice ,financial advise ,best personal finance advice websites ,best financial planners ,app manage money ,free personal financial planning software ,advice on finances ,personal financial planning worksheets ,personal financial planning software ,home finance ,personal finance management software ,business financial planning ,money management websites ,guardian personal finance ,advice financial ,free financial planning ,personal investment magazine ,personal finance brokers ,budgeting or personal finance ,personal financial planning tips ,app for managing finances ,personal finances software ,best money management websites ,apps for finance management ,financial planning guide ,personal finance bookkeeping ,personal investment guide ,best personal finance app 2016 ,personal business finance ,apps for managing money ,personal finance limited ,retirement financial planning ,best app money management ,personal finance programs ,independent financial planning ,online finance tracker ,help me manage my money ,financial planning consultants ,personal financial planning tools ,personal loans ,certified financial planning ,personal financial planner ,how to plan personal finance ,manage budget app ,app to manage finances ,financial planning ,personal finance advice ,money management programs ,personal finance and budgeting ,personal financial management tips ,online financial planning 

Source link