Medicare Preset Analysis

Medicare is a federally governed insurance program, primarily serving Americans over the age of 65, younger disabled meeting specific disability criteria, and dialysis

The purpose of this paper is to give an overview of two federally and/or state funded programs. The programs that will be discussed are Medicare and Medicaid. In this paper will be information about who receives Medicaid/Medicare, the services offered by these programs, and those long term services that are not.

The Medicare and Medicaid federal programs were put in place as a way to help the less fortunate. Individuals with severe disabilities or over the age of 65 qualify for Medicare. This program helps them with health coverage, so the disabled and elderly who have Medicare do not have to worry about their medical bills and not going to the hospital when they are sick. Medicaid is a similar program, however, it only applies to low income families who cannot provide for their children. Similar to Medicare, this program covers any health related problems and takes away the worry and troubles that come with hospital bills.

Medicare provides federal health insurance coverage to millions of elderly, and disabled Americans. As of 2015 data by the Kaiser Family Foundation, Medicare covers 55 million people. Medicare covers people age 65 and older, people younger than 65 with certain disabilities, and people of all ages with End-Stage Renal Disease, or amyotrophic lateral sclerosis (Medicare, 2015). Medicare consists of several different components, including: Part A, Part B, Part C, and Part D. This Federal health insurance program, Medicare, is financed by several sources, including taxes, revenue, and premiums. Each part of Medicare has different eligibility requirements and provides different benefits, and covered services.

Suitable health care would not be possible for the elderly population in America without the assistance of Medicare Part A. Medicare did not come about easily. Currently Medicare spending is more than what is being collected, questioning future solvency. There are many challenges with sustaining Medicare into the future. Medicare’s past struggles, present outcomes, and future challenges confirm that a national health plan is ever evolving to meet the needs of the current population and spending inflation.

Medicare is health insurance that mainly covers seniors over the age of 65 and disabled people who qualify for Social Security/Disability. Medicare is funded Medicare is funded through 2 trust fund accounts held by the U.S. Treasury. The funds can only be used by Medicare.

Fifty years ago, Lyndon B. Johnson signed the Medicare program into law. “It has been a reliable guarantor of the health and welfare of older and disabled Americans by paying their medical bills, ensuring their access to needed health care services, and protecting them from potentially crushing health expenses.” (Hamel, Blumenthal, Davis, & Guterman, 2015, p. 479). With the encouragement of George W. Bush, congress passed the Medicare Modernization Act of 2003 (MMA). The MMA extended Medicare to include prescription-drug coverage, known as Medicare Part D. In 2013, Medicare covered the health care expenses for 52.3 million Americans, costing $583 billon. Originally, Medicare had difficulty controlling costs; physicians and hospitals were

Medicare, which was first enacted by Congress in 1965, is a popular, yet failing, program because of a rapidly increasing population of retirees and their increasing costs; despite program’s flaws, Medicare is difficult to change because of the political influence of the elderly, who approve of the benefits they receive from the program. Medicare provides health benefits to citizens who are eligible for social security benefits(Fiorina, Peterson, Johnson & Mayer 2009). The program is embraced by the public, but Medicare’s increasing cost makes it difficult to sustain. Due to its popularity, the program is also very difficult to change, but without limitations the program will continue to decline in the future.

According to Kurtz (2011) reduced Medicare payments can be made to providers or facilities as the government’s Independent Payment Advisory Board (IPAB) sees fit (Kurtz, 2011). These reductions can be completed without congressional approval and can only be overturned by an act of congress. This practice could lead to many providers or facilities not being able to offer certain treatments due to the financial repercussions, in effect causing a rationing of care (Kurtz, 2011). This rationing will lead to decreased access to care as Medicare and Medicaid beneficiaries are less and less likely to be able to find someone to treat them for such low payments. Further exacerbating this problem is the cuts to Medicare payments outline in the Act, where nearly $750 billion in cuts will be made by the end of 2015 (Turner,

First, I would like to start off with Medicare. President Johnson signed the Title XVIII of the Social Security Act, known as Medicare, into a law on July 30, 1965 with full coverage in the beginning of 1966. To qualify for Medicare you have to be 65 and older, people who are under the age of 65 with certain disabilities, and people of all ages with End-Stage Renal Disease,

Medicare is considered a federal health insurance program that covers individuals who are 65 years old or older, people who have certain young disabilities, and/or with End-Stage Renal Disease (ESRD). It is under federal law through the United

On viewing this video “The Story of Medicare” I was able to understand that the role of Medicare(MR) and Medicaid (MD) centers is to cover all people over the age of 65 or older regardless of their income, health status or residence. Medicare also provides benefits for people of any age that have certain disabilities. MR & MD services is a program that allows low-income families whether healthy or sick to receive health care coverage. Medicare has successfully increased the life expectancy of Americans over decades as before Medicare coverage, the life expectancy of white Americans was 61 years and black Americans 48. This number has increased for both white and black Americans adding 15+ years of life expectancy. I believe that Lindon B. Johnson

As a whole, the authors of the articles shed light to the inequality of medical care among Medicare recipients depending on the region. Not only inequality, but even with those individuals that received large care, there was no notable difference of their overall health with those that spent least. In other words, the amount spent on Medicare patients has no correlation with better health or higher quality of life. On the contrary, Medicare patients that received the most benefits were deemed to have life-threatening conditions. Although the uncovered such information, they suggested new approaches to improve the Medicare program, focusing on a population-based approach and accountability for all hospitals and

It has come to my attention that not everyone is aware of Medicare and its advantages and disadvantages. Therefore, I would like to educate all the healthcare careerists to understand the concept of Medicare. Medicare is a type of insurance for the people of age 65 or older and also for the people with permanent disabilities and diseases. This program was established in 1965 under Title 18f the Social Security Act and was made available to all eligible people as a health insurance regardless of their status or income. According to “A Primer on Medicare”, In 2015 Medicare provided health insurance coverage to 55 million people: 46 million people ages 65 and older and 9 million people with permanent disabilities who are under age

After four decades of failure to enact a universal healthcare program, advocates decided to refine their approach in the 1950s, and the strategy that ultimately led to the passage of Medicare and Medicaid was formulated. Wilbur Cohen and I.S. Falk recognized that a health insurance plan focused on Social Security beneficiaries would be much easier to sell than a plan for all Americans. By limiting its benefits to the elderly, Medicare could be portrayed as a program for people who met two important criteria: they had greater need for healthcare coverage and they were especially deserving of public assistance. Because of their age, seniors have relatively high medical costs--when Medicare was passed, average healthcare expenses for people sixty-five or older were twice the average expenses for younger persons. (Orentlicher, D. (2012).