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.
âThe institute is a coalition of industry leaders, law enforcement agencies, and academic institutions all working in concert to support multidisciplinary research and education on the prevention of fraud and corruption,â said Timothy Pearson, Ph.D., CPA, executive director of the IFP.