In case you didn’t know, today is Medicaid’s 50th Birthday.
On July 30, 1965, President Lyndon B. Johnson signed into law a new public insurance program to offer health coverage to certain low-income people as an amendment to the Social Security Act.
As we explained yesterday in our Wonky Word Wednesday, in the past fifty years, Medicaid has transformed health care for low-income families and individuals, including children, parents, pregnant mothers, seniors, and people with disabilities. It provides parents and other adults economic security through health coverage that protects them from medical debt and allows them to stay healthy and work.
In celebration of this important milestone, (and because we like numbers and data) we decided to provide you with some facts about Medicaid in Montana.
Who does Medicaid serve?
Is Medicaid good insurance?
How does Medicaid compare to private insurance?
As we move along the process of expanding Medicaid in Montana, it’s important to take note of how much good it does now. Having this health care coverage helps people avoid medical debt, live healthier lives, be more productive at work, make sure kids have glasses and see the dentist, and so much more. It truly is the safety net for low-income disabled individuals, pregnant women, seniors, children, and hopefully an additional 70,000 Montanans.
MBPC is a nonprofit organization focused on providing credible and timely research and analysis on budget, tax, and economic issues that impact low- and moderate-income Montana families.