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4.3 percent of Medicaid beneficiaries receive a third of all benefits

In 2012, Medicaid spent $435.5 billion on 72.6 million providing healthcare coverage to its beneficiaries. Since then, the Affordable Care Act has prompted many states to expand Medicaid services to even more people. A February 2014 report from the Government Accountability Office (GAO) used data from the most recent fiscal year, 2009, available to determineRead the Rest…