Define 'Medicaid'.

Medicaid is a public health insurance program that offers coverage to low-income individuals and families. It is designed to ensure that those with limited financial resources have access to necessary medical services. The program covers a wide range of healthcare services, including hospital visits, long-term care, preventive services, and various types of outpatient care. Medicaid plays a critical role in enhancing healthcare accessibility for vulnerable populations, including children, pregnant women, the elderly, and people with disabilities.

The foundational goal of Medicaid is to reduce the financial burden of healthcare on those who cannot afford it, thereby promoting overall public health and wellbeing. This government-funded program is jointly administered by both federal and state governments, making it possible to tailor benefits to meet the specific needs of different states while adhering to federal guidelines. In summary, Medicaid directly supports individuals and families who otherwise might struggle to afford essential healthcare services, embodying the principles of healthcare equity and accessibility.