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Essay On Medicare

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Medicare History & Descriptions
Jessica Olney
MOM-156
Instructor Williams

Medicare was created in 1965. Medicare was created for people over the age of 65 who were unable to pay for insurance through a private insurance company. Here is a brief look into Medicare over the years.
The 60’s On July 30th, 1965 President Johnson signed into law that Medicare would be put in place for people who could not afford private health care. This was so people over the age of 65 could get insurance that they could afford, and be taken care of the way they should be.
The 70’s President Nixon signed into law that if you are under 65 and have a long-term disability or individuals with end stage renal disease could be covered by Medicare.
The 80’s When …show more content…

(By Steve Anderson, medicareresources.org, Editor March 4, 2015)

There is four different parts to Medicare. It’s not as simple as applying for Medicare and getting it. You have different criteria for each different part to Medicare. The four parts are as follows Medicare part A, Medicare part B, Medicare part C and Medicare part D. (AARP, January 1st, 2011)
Medicare part A is hospital coverage for the current person that holds the Medicare policy. This is a plan that you have automatically. When you apply you are automatically in Medicare part A. This does not cover doctors’ fees, it covers your hospital or nursing home fees. Medicare Part A covers about 80% of your Medicare approved inpatient cost for the first 60 days of a hospital stay. If you are in the hospital for longer than 60 days you will have to pay a larger share of the costs. (AAPR, January 1st, 2011)
Medicare part B is the part that pays for a portion of your doctors’ visits, medical equipment, outpatient procedures, and so on. Part B required you to pay a monthly premium to Medicare, and there is a small deductible that you must reach before Part B

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