Question

Assess the opportunities and challenges that federal healthcare exchanges have created. Compare and contrast the state versus federal exchanges.

Answer 1

Meaning of Medicaid :- Medicaid is a federal and state program in the US which provide help with medical expenses for those people who have limited income resources.

Difference between the State and Federal Role as it pertains to Medicaid :-

1. Federal government plans for requirements for medicaid coverage for people whereas State Government follow the rules set by federal government.
2. Federal Government makes general rules and regulations for eligible persons. whereas State Government makes opertaional decisions that determine who is eligible for medicaid.
3. Federal Government grants the budget to state government for Medicaid program whereas While State government distribute the medical allowances to the eligible person.In the US, health insurance marketplaces,also called health exchanges, are institutions in each state through which people can buy health insurance.
State-based health insurance is depleted via state health insurance exchanges. A state-based health insurance exchange is an insurance marketplace where the state grants the infrastructure, the website, and the customer support for individuals and small businesses to buy state based plans.