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Medicare 2

Medicare is a federal insurance program in the United States providing health coverage for individuals over 65, those with disabilities, and patients with specific diseases. Recent research indicates that previously uninsured adults experience improved health trends upon entering Medicare, although costs are expected to rise significantly, impacting the federal budget. Medicare Advantage plans offer additional coverage options but typically cost more than traditional Medicare, with ongoing efforts to control spending and improve prescription drug coverage.

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0% found this document useful (0 votes)
18 views1 page

Medicare 2

Medicare is a federal insurance program in the United States providing health coverage for individuals over 65, those with disabilities, and patients with specific diseases. Recent research indicates that previously uninsured adults experience improved health trends upon entering Medicare, although costs are expected to rise significantly, impacting the federal budget. Medicare Advantage plans offer additional coverage options but typically cost more than traditional Medicare, with ongoing efforts to control spending and improve prescription drug coverage.

Uploaded by

NewtonRibeiro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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I

nt heUnit
edStates,Medicareisafederals
ociali
nsurance
program t
hatpr
ov i
deshealthinsur
ancetopeopleov erthe
ageof65,indi
vi
dualswhobec ometotal
lyandpermanent l
y
disabl
ed,end-
stagerenaldisease(ESRD)pat i
ent
s,and
peopl
ewi t
hALSorLouGehr i
g’
sdisease.

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ous lyunins ur
ed
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ythos ewi t
hc hr oni
cheal thproblems ,impr ovesonc et hey
entertheMedi c ar
epr ogr am.Tr adit
ionalMedi car
er equiresc ons i
derable
cost-shari
ng,butni netyper centofMedi careenroll
eeshav es omek indof
supplement alinsur
anc e—ei t
herempl oyer-s
pons oredorr et i
reecov erage,
Medi cai
d,orapr i
vateMedi gappl an—t hatc over
ss omeoral loft
hei r
cost-shari
ng.Wi ths upplement al i
nsurance,Medi car eens uresthatits
enroll
eeshav epr edictable,aff
or dableheal t
hc ar
ec ost
sr egar dl
essof
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l
nes sori njury
.

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edbyMedi caregrows ,it
sc ost
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ec t
edto
risef
rom sli
ghtlyover3per centofGDPt oov er6percent,contr
ibuti
ng
subst
antiall
ytothefederalbudgetdef i
cit
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pr
imarypay erforanes ti
mated15. 3mi l
l
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ays,representi
ng
47.2percent( $182.
7bi l
l
ion)oftotalaggregateinpati
enthospitalcost
sin
theUnitedSt ates.TheAffor
dabl eCareAc ttooks omes t
epst oreduce
Medicarespending,andv ari
ousot herproposalsarec i
rcul
ati
ngt oreduceit.

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desa Medi careAdv antagepl ansex pandt hehealthinsuranc eoptionsf or
privateins uranceopt i
ont oallow peopl ewi thMedi care.Medi careAdv antagewasc r
eat edundert he
Medi carebenefici
ar i
est o Bal ancedBudgetAc tof1997,wi ththeint
enttobet tercontrolthe
purchas es ubs i
dizedcov eragef or rapidgr owt hinMedi cares pending,aswel lastopr ov i
deMedi c are
thec ostsofpr escr
ipt
iondr ugs.It benef ici
ariesmor echoi ces.Butonav erage,Medi careAdv antage
wasenac t
edaspar tofthe plansc os t12% mor et hant r
adi t
ionalMedicare.TheAf f
ordableCar e
Medic arePr escr
ipt
ionDr ug, Ac ttooks tepst oal i
gnpay ment stoMedi careAdvant ageplanswi th
I
mpr ovement ,andModer nizati
on t
hec ostoft radit
ional Medic are.Ther ei
ss omeev idenc ethat
Actof2003( MMA)andwenti nt o Medi careAdv antagepl anss electpati
entswithlowr iskofincurring
effec tonJ anuary1,2006. maj ormedi calexpens est omax i
mi zeprofi
tsattheex pens eof
t
radi t
ional Medi care.

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