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Medicaid

"system for providing public funds to persons needing assistance with medical expenses," 1966; see medical (adj.) + aid (n.). The U.S. medical assistance program was created by Title XIX of the Social Security Act of 1965. 

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Definitions of Medicaid from WordNet

Medicaid (n.)
health care for the needy; a federally and state-funded program;
From wordnet.princeton.edu