Medicaid

Profitability has deteriorated sharply in 2025 as sicker patients—many of them transitioning from Medicaid—have driven up medical costs.

Medicaid is the federal-state health insurance plan for some 70 million Americans.

An estimated 24.3 million Americans are insured through ACA plans and an estimated 92 percent receive some form of subsidy, according to the Centers for Medicare & Medicaid Services.

Wang reported personal fees from MITRE, a federally funded research and development center for the Centers for Medicare & Medicaid Services and personal fees from Cytel Inc during the conduct of the study.

Medicaid insurers promise many doctors, but actually seeing one can be difficult.