It was established in 1965 as a health insurance program to complement retirement and/or their survivors and those that are disabled. Medicare consists of Parts A, B, C, and D. Part A is hospital insurance, Part B is medical insurance, and Part D is prescription drug coverage and Part C is actually is where private medical insurance companies can offer Medicare. As with Medicaid if a physician’s accepts Medicare they will have a steady flow of patients especially since the elderly population is growing and expected to continue to grow and they are guaranteed to be paid. But a big disadvantage with Medicare is the physician is limited as to the scope of treatment they can give to their patients. Medicare has a “chart” that determines what can and cannot be prescribed for any given illness the patient may have. They also have a set number of days for hospital stays for each illness, disease process or surgery. So this can limit the physician in providing the best possible care to their
It was established in 1965 as a health insurance program to complement retirement and/or their survivors and those that are disabled. Medicare consists of Parts A, B, C, and D. Part A is hospital insurance, Part B is medical insurance, and Part D is prescription drug coverage and Part C is actually is where private medical insurance companies can offer Medicare. As with Medicaid if a physician’s accepts Medicare they will have a steady flow of patients especially since the elderly population is growing and expected to continue to grow and they are guaranteed to be paid. But a big disadvantage with Medicare is the physician is limited as to the scope of treatment they can give to their patients. Medicare has a “chart” that determines what can and cannot be prescribed for any given illness the patient may have. They also have a set number of days for hospital stays for each illness, disease process or surgery. So this can limit the physician in providing the best possible care to their