The laws and regulations formed are as significant as the developments themselves; without rules and regulations, there are no ways for medicine to be controlled from the time of discovery, to the time of administration, and beyond. Medicare and Medicaid have had a great impact on the history of medicine; diseases and conditions are able to be controlled, populations are becoming more educated regarding their health, healthcare services are more accessible, and patients are having closer relationships with their healthcare providers.
During the times leading into the 1960s, private health insurance coverage was nearly impossible for people over the age of 65 to obtain. Thus, the Medicare program was created in 1965 to cover people over the age of 65; approximately 19 million people enrolled in the program within the first year. It has evolved over time and also covers patients with end stage renal disease, as well as those under the age of 65 with certain disabilities. Medicaid was created by the Social Security Amendments of 1965, which gave each state the duty of administering its own Medicaid program under the supervision and partial sponsorship of the federal government.
The Medicare program consists of four plans: Part A, Part B, Part C, and Part D. Patients that are covered by Medicare may be enrolled in one or more of the program components. Part A is a hospital insurance plan which assists patients in paying for inpatient hospital care, skilled nursing home care, and certain home health services. Part B is a supplementary medical insurance plan; almost all... [continues]
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