Which of these statements about Medicaid is TRUE?

Medicaid is a program that provides healthcare assistance to eligible individuals, particularly low-income families and individuals with certain disabilities. One of the defining characteristics of Medicaid is its funding structure, which involves both state and federal contributions. This partnership allows for a broader reach and variability in program implementation across the states.

Federal and state governments collaborate to provide Medicaid, with the federal government offering matching funds based on the state's contribution. This means that the amount of funding a state receives from the federal government is often contingent upon how much the state itself invests in the program. As a result, this dual funding helps to ensure that Medicaid can support a large population with diverse medical needs.

In contrast, the other statements present inaccuracies about the Medicaid program. It is not solely funded by state governments, as federal funding is critical to its operation. Income limits for applicants can vary widely from state to state, and while there are guidelines, they are not uniformly strict across the board. Additionally, Medicaid serves a wide demographic, not limited to individuals over the age of 65; it covers children, parents, pregnant women, and people with disabilities, regardless of age. Thus, understanding the funding mechanism is key to comprehending how Medicaid functions and its intended beneficiaries.