Dave Ramsey sends strong message about Medicare, Medicaid

Medicare and Medicaid have recently drawn public attention due to proposed reforms that could have widespread effects on millions of people across the country.

House Republicans have put forth legislation aimed at scaling back Medicaid funding, potentially stripping coverage from unemployed individuals, undocumented children, and elderly citizens who rely on long-term care services.

Concerns are mounting about how reductions to Medicaid could lead to rising Medicare costs. Medicaid plays a crucial role in covering expenses that Medicare does not, including nursing home care and out-of-pocket expenses.

Best-selling personal finance author and radio host Dave Ramsey offers a concise but informative overview of Medicare and Medicaid to help Americans better grasp some key distinctions between the two programs.