Guaranteed Monthly Income Pilot: Testing Financial Impact on Medicaid Recipients' Health.
This law establishes a 5-year demonstration project to study how regular financial support affects the health of individuals enrolled in the Medicaid program. Selected participants will receive a guaranteed monthly payment of at least $500, which is tax-free and comes with no restrictions on how the money is spent. The goal is to determine if financial stability leads to better physical and mental health outcomes for low-income citizens.
Key points
Selected Medicaid recipients will receive a guaranteed monthly payment of at least $500 for a period of five years.
These payments are tax-free and can be spent without conditions on any necessity, such as groceries, rent, or utilities.
The project is a research study designed to measure if the additional income improves the participants' physical and mental health status.
Expired
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