Question

The most significant change in government healthcare financing was when Congress approved which of these health insurance programs with the passage of Title XVIII and Title XIX, respectively, of the Social Security Act of 1965?

Answer 1

Answer:

Medicare and Medicaid health insurance program

Explanation:

Congress passed a legislation in 1965 under the social security act. The Title XVIII and Title XIX passages of the social security act are aimed at establishing the Medicare and Medicaid services. The Medicare health insurance program is established to cover the health cost of elderly care needs, disabled population, and people with long-term diseases such as kidney disease conditions. Medicaid was established to cater medical care inadequacy which are provided under public assistance. Hence, Medicaid also provides health coverage and resources to families with low income.