MEDICARE is one of the best healthcare systems, which is found in Australia. (Australian gov., 2019). It is a public system that offers medical services to Australian citizens and permanent residents. (Health Direct,2022). In contrast, American Medicare and Medicaid, a government health insurance program, covers both those younger with disabilities, people who are 65 years and older and people with End-stage renal disease (Medicare, n.d.). The Commonwealth government is responsible for the management of Medicare Benefits Schedule (MBS) items, and the Pharmaceutical Benefits Scheme (PBS). (Tikkanen et al., 2020). Medicare is funded by government-supported public funds through the Medicare levy and the Medicare levy surcharge. (Australian gov., 2022). Medicare empowers individuals by controlling their own health and providing coverage for medical services to people with disabilities or chronic …show more content…
It includes a broad range of services, such as doctor and specialist consultations, diagnostic tests, hospital treatment, some prescription medications, and allied health services like physiotherapy and occupational therapy. (AIHW, 2022). The management and financing of the Australian Medicare system are largely under the purview of the Commonwealth Government. The government sets the fees that doctors and other medical practitioners can charge for their services under the Medicare benefits schedule (MBS) and provides a comprehensive list of medical services under the Pharmaceutical Benefits Scheme (PBS). (Tikkanen et al., 2020). Medicare is funded through the Medicare levy and the Medicare Levy surcharge on high-income earners. Medicare levy is set at 2% of taxable income for the provision of high-quality medical care; however, a Medicare levy surcharge is applied to taxpayers who do not have private health insurance and those with higher incomes. (ATO,