Representatives Adam Schiff and Bonnie Watson Coleman proposed the Guaranteed Additional Income for Families in Need (GAIN) Act.
Americans could earn $500 no-strings-attached monthly payments if a new proposal makes its way through Congress.Democratic Representatives Adam Schiff of California and Bonnie Watson Coleman of New Jersey proposed the Guaranteed Additional Income for Families in Need Act, which would offer the $500 monthly checks for five years to select low-income Americans.To qualify, you'd need to be on Medicaid but could then use the guaranteed income on anything you choose, no strings attached.
Medicaid beneficiaries must meet certain low-income requirements in order to get the federal health insurance, and the program already serves some of the most financially vulnerable Americans.During this time, the lawmakers said, authorities would record how the cash payments impact health outcomes in recipients so they can use the data for the future.
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