While Medicaid finances most long-term care in this country, Medicaid is supposed to be “the payer of last resort” when it comes to long-term care. Medicaid pays for long-term care only for those who are poor or who have become poor after paying for medical expenses or nursing homes.
The government aims to provide affordable but quality healthcare for its citizens. That is why Medicaid was proposed – to deliver low cost but quality care for some of the low-income individuals, families, women who are pregnant, children, older people and people with special needs and disabilities. Medicaid benefits are