Medicaid is jointly financed by the federal government and the state governments in the United States and now absorbs more than 20 percent of state government budgets.

Name: Medicaid is jointly financed by the federal government and the state governments in the United States and now absorbs more than 20 percent of state government budgets.
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Medicaid is a joint federal and state program, and it constitutes a significant portion of state budgets, often exceeding 20 percent.

Medicaid Is Jointly Financed by the Federal Government and the State