US Medicare: Universal Health Insurance Programs In The World

In the US Medicare is a national social insurance program. The program was born in 1965 under title XVIII of the Social Security Act, but while it was created under Social Security, the program is ran by the Centers for Medicare and Medicaid Services, which is part of the Department of Health and Human Services. Medicare uses 30-50 private insurance companies across the United States under contract for administration. United States Medicare is funded by a Payroll Tax. It provides health insurance for Americans aged 65 and older who have worked and paid into the system through the payroll tax. Medicare is one of the largest health insurance programs in the world. Providing nearly universal health insurance to the elderly as well as many disabled,