Medicaid has become the de facto program financing nursing home residents when they have exhausted their savings.
Medicaid can be defined as an health insurance coverage that help to cover the medical expenses of those people that earn low income or people that cannot afford medical care.
For a person to be quailfied or for a person to be a beneficiary of Medicaid such individual must be resident of the state under which they receive medicaid.
Therefore Medicaid has become the de facto program financing nursing home residents when they have exhausted their savings.
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