Answer :
Medicaid enrollees have greater savings rates since they are not compelled to pay premiums.
What does Medicaid refer to?
Millions of Americans, including low-income individuals, kids, pregnant women, seniors, and persons with disabilities who qualify, are covered by Medicaid for their medical expenses. States are responsible for managing Medicaid in accordance with federal regulations. States and the federal government both contribute funding to the program. Health insurance is provided to some people with low incomes and resources through Medicaid, a joint federal and state program.
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