Government Health Insurance Medicaid and Medicare

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Government Health Insurance Medicaid and Medicare
Dr. Dorothy Cucinelli

Government Health insurance Medicaid and Medicare

In today’s society concerning health care there are many aspects. These aspects are not limited to the provider, the patient, and the financial aspect. The aspect that is found quite interesting is the financial aspect. To be more specific about the financial aspect, this paper will cover the healthcare insurance. Healthcare insurance comes in different forms whether it is private, employee-based or government insurance, A significant event that has brought among change in the Healthcare system is
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• 1966-Medicare was implemented on July 1, serving more than 19 million individuals. Medicaid funding was available to states starting January 1, 1966; the program was phased -in by states over a several year period.

• 1967-An Early and Periodic Screening, Diagnosis, and Treatment (EPSDT) comprehensive health services benefit for all Medicaid children under age 21 was established.

• 1972-Medicare eligibility was extended to 2 million individuals under age 65 with long-term disabilities and to individuals with end-stage renal disease (ESRD). Medicare was given the authority to conduct demonstration programs (Healthcare Finance… 2005). Medicaid and Medicare today Every year the number of beneficiaries increases. The pressure to gain control of Medicaid program spending, which has consumed an ever-larger share of state budgets, increased during the recent economic downturn. Nearly a quarter of the U.S. population, or 77.5 million people, were enrolled in Medicaid or the Children’s Health Insurance Plan at some point in 2011, according to the March 2012 report of the Medicaid and CHIP Payment and Access Commission.(modern healthcare, 2005)

In conclusion this government-based health insurance has only been around almost 50 years. The time before this must have been very difficult on society when it came to their
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