The program costs about $432 billion, or 3.2% of GDP, in 2007. Medicaid is a social welfare (or social protection) program that serves about 40 million people (as of 2007) and costs about $330 billion, or 2.4% of GDP, in 2007.
plural institutes. Learner's definition of INSTITUTE. [count] : an organization created for a particular purpose (such as research or education) They founded an institute for research into the causes of mental illness. an art institute. a technical institute.
The Institute was formed in 1984, initially as the Institute for Independent British Businesses. Since formation the Institute has evolved and developed in line with the needs of small to medium sized businesses around the world.