Which set lists government-funded health insurance programs?

• A. Medicaid, CHIP, and Medicare
• B. Medicaid, Medicare, and Private
• C. CHIP, Medicare, and Private
• D. Medicare, CHIP, and Private

Answer: (A)

Government-funded health coverage is provided and financed by federal or state governments rather than private entities. The set that includes Medicaid, CHIP, and Medicare fits this description. Medicaid is a joint federal-state program offering coverage to low-income individuals and families, with funding shared between levels of government. CHIP extends coverage to children in families with incomes too high for Medicaid but who can't afford private insurance, financed by both federal and state governments. Medicare is a federal program mainly for people 65 and older (and certain younger people with disabilities), funded through payroll taxes and federal resources. These programs are distinct from private insurance, which is funded by individuals and employers and managed by private companies.