Medicare: Past‚ Present‚ and Future The History of Medical Insurance The idea for a national health plan was not something considered to be a priority of American government prior to the 1940’s. President Harry S. Truman was the first president to push the issue to the United States Congress in 1945. Truman called for the creation of a national health insurance plan that would be aviailable to all Americans. He envisioned coverage for hospital visits‚ dental care‚ nursing care‚ and doctor’s visits
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HCS/455 December 28‚ 2012 Jonathan Bibb Medicare Medicare is a federal insurance program that was created to aid the elderly with their medical bills. The Medicare program was created 40 years ago. The original benefits under Medicare did not include drug coverage. Medicare has since added drug coverage to bridge the gap under the original available benefits. The Medicare program is facing serious financial challenges. The projected expense for medical services among the elderly is said to exceed
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MEDICARE Prior to 1965‚ it was almost impossible for people 65 years and older to get a private health insurance. Medicare was enacted in 1965 to counter the growing health care costs and provide access to the elderly‚ making health care a universal right for all Americans 65 years and older. (Medicare & You‚ 2013) The rapid growth in the baby boomers population that began in 2011 caused a burden on the government by adding to the already high deficits. Medicare enrollment is expected to double
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Medicare and Medicaid There are various types of insurances in today’s world. Two of them being Medicare and Medicaid. Founded in 1965 as part of President Lyndon Johnson’s "Great Society"‚ they share differences and few similarities. They are social insurance programs that allow the financial burdens of illness to be shared among health and sick individuals‚ and affluent and low income families. Medicare is a federal program that provides health coverage if yon are 65 years or older‚ are a younger
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original Social Security mandate was also expanded to include Medicare and Medicaid (Advance).” Some other changes more recently have added more benefits to this well known plan. “The most significant legislative change to Medicare--called the Medicare Modernization Act or MMA--was signed into law by another President from Texas‚ George W. Bush‚ on December 8‚ 2003. This historic legislation adds an outpatient prescription drug benefit to Medicare and makes many other important changes (Cms).” With the
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the Medicare rule for observation is very complex and confusing. The intention of the rule is to set clinical criteria for observation‚ and rapidly discharge the patient in twenty-four hours. However‚ this does not always happen. Some observation patients can stay up to ninety-six hours before being discharged or switched to observation status. One of the problems is individual health care organization interprets the Medicare rule differently. Then if the patient had a managed care Medicare carrier
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obtain Medicare is very comforting. Medicare is a federal health care program that was put in place by Congress in 1965 to provide health insurance to Americans sixty-five and above. Medicare was then expanded in 1972 to also cover younger individuals who are disabled (Kaiser‚ 2012). Traditional Medicare provides coverage to all Americans sixty-five and older without taking into account income. Prior to Medicare a whopping fifty percent of seniors lacked health coverage (Center for Medicare Advocacy
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Medicare Fraud | Ms. Iris Hobson- Introduction to Logic | Atinuke Adumatioge | Medicare Fraud Healthcare today is one of the most lucrative businesses in America and many people are trying to take advantage of that. One of the reasons in the transition of street crimes is how much safer it is compared to the drug business. If we take a look at South Florida‚ we can see hundreds of people living the “high life”. The truth is rarely anybody sells drugs and more than half of those people
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December 8‚ 2003‚ President Bush signed into existence the Medicare Prescription Drug‚ Improvement‚ and Modernization Act (CMS‚ 2003). This Act over the years is intended to provide prescription drug benefits to seniors. It will also provide subsidies to insurance companies‚ health maintenance organizations‚ and would allow private plans to compete with Medicare (CMS‚ 2003). Why were changes to Medicare deemed necessary? The changes to Medicare where deemed necessary‚ because many seniors and elderly
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History of Medicare HCS 530 Professor Michele Fletcher December 4‚ 2006 Background The Social Security system‚ which was created as an economic safety net for older Americans‚ was failing to protect them against the greatest single cause of economic dependency in old age which was the high cost of medical care. The need for a social insurance program to provide older Americans with reliable health care coverage started within the Social Security Administration
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