America's Largest Health Insurance Program

2110 Words Apr 5th, 2015 9 Pages
Medicare is America’s largest health insurance program for the men and women over the age of 65 or with certain disabilities. For many Americans, this a huge part of how they can afford medications, doctor visits and other medical expenses. In recent years the number of Medicare enrollees has doubled (NASI, 2015). The “Baby Boomers”, people born from 1946-1965, is the largest generation within America with roughly 75 million Americans. This generation of Americans are all turning 65 around the same time and enrolling into this medical program. With the amount of new enrollees the total spending for Medicare will rise from 3.6% of the nations GDP to 5.1% by 2030, when the youngest of the baby boomer generation will be 65 (NASI, 2015). Even with Medicare, older Americans are facing large healthcare charges to cover. What is to come of the rising enrollment number? Is there going to be enough money and medical coverage for men and women after the baby boomers? What is to happen within the next few years in the healthcare industry, and what are ways can it be fixed. Before knowing how to help with the rising cost of Medicare, lets learn what Medicare is exactly. Medicare is a federal health insurance program that pays for medical expenses. Beneficiaries for Medicare are typically 65 and older or adults with certain medical conditions. Administered by the Center for Medicare and Medicaid Services (CMS) that is a division of the U.S. Department of Health and Human Services.…
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