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As Chapter 11 in your textbook notes, the costs for health care have risen dramatically and are expected to continue to rise. While Medicare is a public insurance program that provides coverage to almost everyone who is 65 and older, it only covers a portion of health care expenses. In fact, the authors of your textbook note that “if current trends continue, by 2030 half of those aged 65 and older will spend more than 25% of their income on medical bills and insurance premiums” (Markson & Stein, 2012). After reading Chapter 11 in your textbook and watching "Aging America and Healthcare Reform," please address each of the following: a. Compare and contrast the services provided to older individuals under Medicare Part A and Medicare Part B. b. Compare and contrast the health care services provided under Medicare versus Medicaid. Be sure to address how each program is funded, what they cover, who qualifies for them, and what role each plays in paying for health care of the elderly population. c. Discuss the current funding for Medicare and why there is debate regarding the program. d. What changes (if any) do you think that there will be in the Medicare program over the next 20 years?
Medicare is supported via levies by specific people. Besides levies. the medical coverage policy is administered by the central administration. This is via making payments for debts that accumulate from medical examinations at an individual’s home through medical care home health assistance. The other way is via costs acquired in case the person is admitted in hospital. preventive care. analytical services. daily patient helps. The remaining portion is derived from the specific county. Medicaid takes care . Medicinal services handled under Medicare include. Medicare is a government’s health coverage policy which takes care of operating cost. scientific investigation and any other admission and casualty services.Medical attention component A provides for the reimbursement of health care services for the elderly. scientific investigation. Medicare is taken care via communal security scheme whereby the insured person gives some premium as levy on a monthly basis. Alternatively. residence health support. hospice cover for care given to an inpatient. On the other hand. and recommendation on medicines. these moneys are reimbursed via medical care component A. Medical care component B reimburses expenses like. Medicaid is partially supported by the central administration. Medicaid is a plan given by the central and the counties which reimburses for the medicinal operating cost for people with little returns and can’t get Medicare cover due to their little incomes (government medicare).
helps offered at home are given to few people of a specific standard. The administration will be required to come up with a different arrangement that will give money for the running of the plan so as to maintain it. .of similar helps. however. Medicare plan will face transformations. The financial support expenditures will go up. Within 20 years.