Which of the following is not a basic difference between Medicare and Medicaid?

A) Medicare is financed by a payroll tax, while Medicaid is financed by general tax revenues.
B) Medicare is a federal program, while Medicaid is a state-government program.
C) Medicare is mostly based on age, while Medicaid is mostly based on income.
D) Medicare is a social insurance program, while Medicaid is a public assistance program.

Medicaid

A government healthcare program in the United States that provides health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Social Insurance Program

A government-sponsored program that provides financial assistance to individuals in the form of retirement benefits, disability income, and other social security benefits.

Public Assistance Program

Government programs designed to provide financial aid or services to individuals in need to support their well-being.