Advantages And Disadvantages Of Medicaid. This paper is written about Medicaid. Medicaid, instituted in 1965, is a joint federal-state form of health care coverage, and is funded on both levels as a program designed for low-income and needy people. Pages: 3 Bibliography: 3 source(s) listed Filename: 19082 Advantages Disadvantages Medicaid.doc Price: 26.85