Medicare: Health Insurance in the United States and Social Security

1975 WordsDec 14, 20128 Pages
Chapter 7: 1. Who is eligible for Medicare? Person eligible for Medicare include individuals ages sixty-five and over, those with disabilities, and those with end-stage renal disease (Hammaker, 2011). here are three basic entitlement categories: persons 65 years of age or over who are eligible for retirement under Social Security or the railroad retirement system, persons under 65 years of age who have been entitled for at least 2 years to disability benefits under Social Security or the railroad retirement system, and persons with ESRD who do not otherwise meet the age or disability requirements. The latter two groups together are known as the "under 65" enrollees (Petrie, 1992). 2. As the baby boomers approach age sixty-five, how…show more content…
Today's Medicare beneficiaries already pay an average of $5,500 each year out of their own pockets for their medical expenses. And that expense is rising every year. Social Security's benefits already are modest by any standard. Today, the average Social Security retirement benefit is only about $14,000 a year. The average annual benefit for retired women is even less, about $12,000. In Arkansas, 58 percent of Social Security recipients rely on Social Security for 50 percent or more of their income. And 34 percent rely on Social Security for 90 percent or more of their income (Dillard, 2011). Chapter 8: 1. While the 2100 tax-exempt hospitals are heavily subsidized with over $12.6 billion in annual tax exemptions, what do many fail to do? While the 2,100 tax-exempt hospitals are heavily subsidized, with over $12.6 billion in tax exemptions and $32 billion in government-assistance subsidies each year, many fail to use their assets and revenues to provide mutually affordable health care to the uninsured and underinsured (Hammaker, 2011). In many states, the state constitution or laws allow "institutions of purely public charity" to escape the payment of ad valorem and other taxes. The reasons articulated for such exemption vary but usually depend on the theory that these institutions provide services to truly needy individuals free (or nearly free) of charge or that they provide services the government would be required to provide if the institutions
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