ipl-logo

Medicare Contrast Essay

523 Words3 Pages

1. Medicare and Medicare are both Federal health care programs. However, Medicare is an insurance plan that supports people mainly over 65 that have paid into federal insurance taxes, and Medicaid is an assistance program that assists low-income citizens of all ages. Premiums are paid for non-hospital care in Medicare. There are no premiums for Medicaid, but occasionally a co-pay is required.
What is the difference between Medicare and Medicaid? (2015, October 2). Retrieved November 30, 2015, from http://www.hhs.gov/answers/medicare-and-medicaid/what-is-the- difference-between-medicare-medicaid/index.html

2. Our text book estimates by 2015 that health care will account for 20% of GDP. GDP is a measurement of the size of our nation's economy. If 20% of our GDP accounts for health care, then we have spent 20% of our budget on health care. This reflects the increasing waste, misuse, abuse, and rising cost of health care in our country. …show more content…

(2014). Contemporary Nursing: Issues, Trends, & Management. St. Louis, MO: Elsevier.

3. DRG stands for, " Diagnosis-Related Group" (Cherry, Jacob, 2014 p. 109). It's how Medicare and some private insurance companies pay hospitals for the care of patients (Cherry, Jacob, 2014 p. 109). The payment is fixed and predetermined per diagnosis. If the hospital spends less than that set price to treat that patient then they make money, if they spend more they lose money. Prompting hospitals to reduce services as much as possible so they can make a profit.
Cherry, B., Jacob, S.R. (2014). Contemporary Nursing: Issues, Trends, & Management. St. Louis, MO:

Show More
Related

Pros And Cons Of Obama Care Iron Triangle

1205 Words | 5 Pages

The National Health Expenditure Accounts officially tracks health care expenditures for goods, services, administration, insurance, and investment. (National

Read More

Medicare Supplement Plan Essay

420 Words | 2 Pages

A Medigap policy must be clearly presented as Medicare supplement insurance by the insurance company. Usually, the only difference between Medigap polices sold by different companies is the price. Medigap policies cover between 50% and 100% of hospital costs, deductibles, nursing facility care coinsurance, excess charges and hospice care coinsurance, among other payments. They don’t cover long-term nursing home care, vision, dental care or private nurse services. Medicare Supplement Plans: A Brief Buyer’s Guide

Read More

The Pros And Cons Of Medicaid Reform

627 Words | 3 Pages

Medicaid is a Federal-State partnership wherein the federal government absorbs the bulk of the expenditure. States are given the flexibility to manage their Medicaid programs as long as minimum federal requirements are met. This arrangement allows states to provide coverage based on their specific structure and needs. 28 States and the District of Columbia signed up for the Medicaid expansions under the affordable care act (David et.al). The states that opted out of the expansions have the most number or uninsured and poor residents.

Read More

Medicare Vs Blue Cross Essay

2179 Words | 9 Pages

In addition to a medical coverage system for the elderly, the government also created Medicaid, a state and federally run system that provided medical coverage to low income americans. Medicaid had a stigma of class, since it insured people that were too poor to afford private insurance. This meant that taxpayers had to subsidize health care for people who could not have afforded private health insurance. Medicare however did not have a stigma of class because all you had to do is be over 65 years of age to be Medicare eligible. Medicare was later extended to cover the disabled and end-stage renal

Read More

Medicare Supplement Plan Essay

466 Words | 2 Pages

Another difference is the additional service, Medigap does not cover long-term care, ophthalmology, dentistry, hearing aids, eyeglasses, private nursing services; for its part Medicare Advantage plan covers prescription drugs under Medicare part D which can be deductible depending on the price of the formula and derive from the category of the medicinal product formulated, It may also be included in the routine visual checkup, dental checkup where content is found the Cleaning, dental extractions X Rays, or other tests, audiology checkup, discounts on gym memberships among others.

Read More

Similarities Between Medicaid And Medicare

217 Words | 1 Pages

Medicaid and Medicare are both government run programs that were created in 1965, for low income and older people to get private health insurance. Although these are both government programs, they are not the same. Medicaid is health insurance that provides coverage for low income families, this is also a federal and state program. Whereas Medicare you need to be 65 or older or have a major disability and income is not a factor.

Read More

How Has Medicare Changed

3557 Words | 15 Pages

Medicaid and Medicare were signed into law in 1965. After 50 years, Medicare and Medicaid are still being used by the people of the United States as a form of aid with medical expenses. Medicare and Medicaid has changed over the years to provide more and more Americans with access to quality and affordable health care that is needed (“CMS’ program history,” 2017, p.1). Medicare and Medicaid have progressed over time to become better and more improved for those receiving the services provided by the government. Even though the Medicare and Medicaid services have changed for the better of the services, it has changed too much from the intended use of the services which has led to problems associated with the

Read More

What Role Should Government Play In Aiding The Uninsured Essay

451 Words | 2 Pages

Medicare is funded by taxpayers, with money coming out of each paycheck, social security benefits. I believe this is effective as of right now, but I do not believe that by the time I turn 65 medicare will be running effectively. Medicaid is funded by state and federal governments. With states covering over half the cost. I believe funding programs and organizations that help provide care and inform our citizens is a great resource it will lead to less costs of healthcare for care that could have been avoided.

Read More

Medicare Pros And Cons

818 Words | 4 Pages

The United States has different and benefited successful welfare programs which have gained profits to the country and gained aid to the society. Medicare and Medicaid have been popular for a long time now and have kept U.S society well taken care of. In the 50 years since they were signed into law by President Lyndon Johnson, Medicare and Medicaid have grown into health insurances huge accomplishment, covering one-third of all Americans and accounting for $4 of every $10 spent on healthcare today. Widely supported by receivers, the programs have been severely successful on many fronts like Medicare has extended health insurance to nearly all the elderly, and Medicaid provides vital fetal and maternity care for almost half of U.S. births. Both programs have improved narrow the healthcare gap between rich and poor, and between whites and minorities providing further benefits to the groups.

Read More

Medicare Persuasive Essay

1309 Words | 6 Pages

For example this quote mention, “Medicaid paid $2.7 billion to the Medicare program on behalf of low-income Medicare beneficiaries for premium and cost-sharing obligations and spent an additional $6 billion to supplement Medicare's coverage of hospital” (Rowland 15). This quote shows the amount that medicaid has already help pay people’s medical bills and it tells that medicaid has pay a big portion of money to help people and which made most people not having to pay the full price. For another example from a website it said, “Medicare Part A- Hospital Insurance covers hospital services, including semi-private rooms, meals, general nursing, drugs as part of your inpatient treatment, and other hospital services and supplies” (The Official Government Medicare site 1). This quote shows that medicare A is something that medicare covers for you when you are sent to stay in hospitals and also treatment and medicine you get while you are there, which having medicare will help cover most of the cost and leaving in good

Read More

Essay On Medicaid

560 Words | 3 Pages

What Is a Medicaid? By: Dave Lee Medicaid is a government-sponsored health program designed to ensure that low-income citizens receive quality health care. It caters over 72.5 million U.S. citizens, including children, senior citizens, parents, pregnant women, and persons with disabilities. The program is funded both by the federal and state government.

Read More

Healthcare And Medicare Comparison Essay

557 Words | 3 Pages

First, Medicare and Medicaid are similar with what the two insurances covers. But in another way both are different because Medicare had plans while Medicaid does not. Medicaid provides health and medical services for individuals and families with low income. Some of the mandatory services include inpatient and outpatient hospital services, home health, physician services, x-rays, and family planning. A few of the optional services are prescription drugs, dental, hospice, eyeglasses, and occupational therapy.

Read More

Healthcare Vs Medicare Essay

411 Words | 2 Pages

Medicare and Medicaid are two very important terms in our health care system. Medicare is defines as the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with end-stage renal disease. Medicaid is defined as a joint federal and stage program that helps low-income families pay for costs with long-term medical and custodial care, if they qualify (MacTaggart and Hyatt, 2013, p.3).

Read More

Difference Between Medicare And Medicaid

553 Words | 3 Pages

The primary difference between Medicare and Medicaid is who elegible for each program. They are both government sponsored programs, and both are designed to aid people in paying for healthcare. That is about all they have in common. Medicare is usually for people 65 or older, under 65 with certain disabilities, or for patients of any age who have End Stage Renal Disease (ESRD) or ALS. Medicare is also governed by the federal government, whereas Medicaid is for people with limited resources or income and governed by the state.

Read More

Medicare Benefits Essay

1691 Words | 7 Pages

So what really is Medicare? “Medicare is a U.S. government health insurance program. The plan covers people aged 65 or older, younger ones with disabilities, and patients with end-stage renal disease”. (Kagen) This was designed so that people can have a fighting chance at life and not be in hundreds of thousands of dollars in debt for things they simply cannot control.

Read More

More about Medicare Contrast Essay

Related Topics

Open Document