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Medicare

Medicare is a health insurance program administered by the federal government for the elderly.  It was created in 1965 as part of the Social Security Act and is financed by a separate tax on wages.

Medicare is available to citizens over the age of 64 and those with some disabilities.  It presently covers tens of millions of Americans and has become a major federal government budget item with out-of-control growth.  Both Part A and Part B are funded from the U.S. Government's general fund but Part B also receives some payments that are deducted from covered retirees social security checks.

There are two parts to Medicare.  Part A covers hospital visits and Part B covers doctor's visits and related services.  Both parts contain deductibles and requires co-pays from the insured.  Some insurance companies offer private insurance policies to fill in the gaps omitted by Medicare.

Medicare pays physicians for their services based upon the Resource-Based Relative Value Scale.  Doctors often complain that Medicare payments do not reflect the market rate for services and some may not be willing to discount their services.

Fraudulent services continue to plague the Medicare system.  Some doctors and hospitals have defrauded the system by claiming payment for services not performed.  It is estimated that fraudulent claims are costing Medicare (and us taxpayers) tens of billions of dollars.

 

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Judd Gregg: AposMedicare For Allapos Means Rationing For Everyone The Hill
The Hill Judd Gregg: 39Medicare for all39 means rationing for everyone The Hill To assert that Medicare For All or to use its more honest label, nationalization would actually produce a better, more effective healthcare system for Americans is a hard sell when one looks at the facts. The proposal is said to be legitimate

Medicare Drug Coverage New York Times
New York Times Medicare Drug Coverage New York Times To the Editor: Paul Krugman, in Just Saying Yes to Drug Companies column, May 15, wrote about the 2003 Medicare Part D bill, giving me credit for having largely devised the bill that first created this drug coverage in Medicare. I should thank him.

SHIINE: New Medicare Card Rollout To Begin Community Yankton Daily Press
Baxter Bulletin SHIINE: New Medicare Card Rollout To Begin Community Yankton Daily Press PIERRE The South Dakota Senior Health Information and Insurance Education SHIINE program would like to remind all individuals with Medicare that new Millions of People with Medicare Are Getting New, More Secure Terrell Tribune 39Extra Help39 program helps seniors with their medication costsBaxter Bulletin all 3 news articles raquo

Opinion New Federal Policy Can Help Tennessee Rein In Medicare Costs Knoxvi...
Knoxville News Sentinel Opinion New federal policy can help Tennessee rein in Medicare costs Knoxville News Sentinel Tennessee residents suffering from painful and chronic medical conditions stand to benefit from a federal rule change this year that would offer greater access to treatment for Medicare patients suffering from cancer, diabetes and autoimmune diseases.

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Facts of Law about medicare

Facts of Law - Medicare