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Medicare Pros And Cons

818 Words4 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. But with the benefits, the programs size is also their biggest challenge. As some Americans’ can’t provide themselves and their family with insurance care, Medicare and Medicaid were designed to plug too deep holes in health coverage for retirees and disadvantaged …show more content…

Together, they cost more than $1 trillion annually and they're expected to consume a growing percentage of federal and state budgets in the future. Those pressures have led House Republicans to propose transforming Medicare into a funding for private insurance, with a cap on the program's growth, while giving states Medicaid block grants that would not keep pace with increase. Those changes wouldn't address the forces driving up the costs of the program, however; they would simply shift costs off federal taxpayers and onto states and beneficiaries. Unless those forces were spoken, Medicaid would become increasingly difficult for states to maintain and Medicare harder for seniors to

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Medicare Part D Pros And Cons

169 Words | 1 Pages

Medicare part D is a subsidized health insurance program to cover for prescription drugs The program was introduced when there was the need to improve drug coverage. The former president George Bush, On December 8, 2003. Signed Medicare Prescription, Drug Improvement and Modernization Act, which created Medicare part D. these program was intended to offer voluntary drug benefits. Medicare part D, since its introduction, has contributed a lot in health insurance, some of its benefits are; 1.

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The Pros And Cons Of EMTALA

434 Words | 2 Pages

In 2010, the aggregate shortfall of government funding for Medicare and Medicaid beneficiaries was estimated at $28 billion dollars. Currently, Medicare and Medicaid in combined do not cover the complete cost of care for program recipients but their beneficiaries account for about half the care provided by hospitals . In the chart it shows the uncompensated care and payment shortfalls from Medicare and Medicaid in billions of dollars, 2010 Similarly, between 2000 and 2010, the cost of uncompensated care grew by 82 percent, from $21.6 to $39.3 billion. In the below chart it shows the cost-based uncompensated care in billions of dollars, 1990 – 2010 .EMTALA’s

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Pros And Cons Of Medicare Reimbursements

264 Words | 2 Pages

Over 28 million people in the world receive health insurance through the Medicare program (Gornick, n.d.). The medicare program was designed to operate throughout the nation with a set of uniformed benefits and cost-sharing requirements in the form of deductibles and coinsurance. However, over the years the program data indicated that the Medicare premiums and deductibles, benefits paid out varied significantly by state of residence of the beneficiary (Gornick, n.d.). These variations are due to part of the fact that reimbursements are based on local physicians' prices. Many policy analysts suggested that the geographic variations in Medicare reimbursements should be reduced (Gornick, n.d.).

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Pros And Cons Of Obamacare

307 Words | 2 Pages

Obamacare, like many other reforms, has plethora of strengths that convinced the government to ratify it into law, however, PPACA also has many shortcomings that overlooked the biggest problem of all time: high cost. The increase in health cost has outplaced the rise of national income making it difficult for people to afford insurance. Medicare insurance, by design, is flawed where providers are reimbursed based on the volume they serve, which translates to overutilization and inefficiency, adding to the high cost. In addition, Medicaid inflates cost as well by giving the control to the states, giving rise to inconsistency and no incentive for both parties to check each other. Moreover, the tax exclusion for employer-based insurance escalates

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Affordable Care Act Pros And Cons

810 Words | 4 Pages

Preceding this order, people with prior conditions were frequently not able to accomplish human services scope. Debate encompassed social insurance change some time before the institution of the Affordable Care Act. While President Clinton's organization neglected to update our country's human services framework in 1993 with the Health Security Act, the Affordable Care Act was the most clearing national change since President Lyndon Johnson's Social Security Amendments Act made Medicare and Medicaid. In spite of the fact that this law has confronted savage resistance, the Affordable Care Act will help Americans lead more beneficial ways of life, while expanding their budgetary security. Under the Affordable Care Act, otherwise called ObamaCare, insurance agencies are no longer permitted to victimize people with prior wellbeing conditions.

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Medicare Part A Case Study

1499 Words | 6 Pages

national debt is growing exponentially is health care spending, mostly Medicare. The spending problems with Medicaid are easily fixable, because it is relatively easier to take away benefits from citizens in poverty than elderly citizens who possess a great deal of political power. The National Bureau of Economic Research stated, "Medicare has led to net transfers from the poor to the wealthy, as a result of relatively regressive financing mechanisms and the higher expenditures and longer survival times of wealthier beneficiaries. Even with recent financing reforms, net transfers to the wealthy are likely to continue for at least several more decades."  In 2010, the Congressional Budget Office stated, "The single greatest threat to budget stability is the growth of federal spending on health care--pushed up both by increases in the number of beneficiaries of Medicare and Medicaid and by growth in spending per beneficiary that outstrips growth in per capita GDP.

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Obamacare Pros And Cons

943 Words | 4 Pages

However, the Affordable Care Act is a gigantic measure that entails an unsustainable amount of money from America, and it therefore will only cause further damage to the economy. Obamacare’s estimated cost over the next ten years is $1.4 trillion (“Net Cost of ObamaCare”). As if the United States has not acquired enough debt already, this law is only adding to the countrys’ expenses. The Republicans’ biggest concern with the Act is the immense amount of money it will cost American taxpayers, and the risk it will create for small businesses (Republican Views on Health Care). Additionally, they are generally most disturbed by Obamacare’s expansion of Medicaid for citizens, which will put a lot of financial strain on the states individually (“Renewing American

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Pros And Cons Of Medicaid

637 Words | 3 Pages

Medicaid is another beast entirely, as Medicaid has been somewhat unsuccessful providing affordable healthcare for the poor as Medicare did for the elderly and disabled, while it still maintains a massive amount of fiscal spending. These failures, are mainly due to Medicare being set up as a Social Security program, while Medicaid established a program independent of Social Security. There have been a few pushes for reform of these acts, due to cost or not containing particular types of care, and some have happened, especially as of late with the introduction of the Affordable Care Act, though the there has been little success in comparison to its' sister, Medicare. Despite the shortcomings of the Amendments, such as the lack of coverage

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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

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Pros And Cons Of The Affordable Care Act

692 Words | 3 Pages

Medicaid has poor quality when it comes to patients. A receht study in Oregon concluded that patients with Medicaid did not achieve reasonable health benefits from their insurance company. Government ran programs has become worse throughout the yars and is expecting to run into many more, Medical personal are effected by Obama Care, as a result, we are experiencing shortages of doctors and doctors only taking cash. Many medical facilities are not accepting Obamacare nor did government t run programs because of

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Pros And Cons Of Medicare

221 Words | 1 Pages

Medicare is not an example of socialized medicine. Socialized medicine can be defined as medical care funded by the public and other associations, which is inclusively organized by one larger group. (Dictionary reference) Canadian medicare is about 70% paid for by people such as taxpayers, and organized by all levels of government, although in contrast, not all health care services provided to the population are publicly funded. This, in turn, demonstrates how medicare is not an example socialized medicine.

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What Role Should Government Play In Aiding The Uninsured Essay

451 Words | 2 Pages

The United States government is already very involved with insurance with Medicare and Medicaid. Medicare is already the second largest provider for insurance, covering 43.5 million in 2013. If Medicare and Medicaid was not available it would leave millions insured. If these millions had no insurance it would likely lead countless health problems in United States. These programs are specifically targeted to individuals who have no access to insurance or can not afford insurances.

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Obama Care Persuasive Essay

1367 Words | 6 Pages

Right now, Medicare is America’s health insurance program for anyone over the age of sixty-five, people who have documented disabilities under the age of sixty-five, and people who suffer from End Stage Renal Disease. A countless number of people look towards Medicare as a sense of stability when they become elderly or sick. Although Medicare does cover numerous basic medical appointments, it fails to cover many long-term medical conditions. Ever since former President Barack Obama, passed the Affordable Care Act, also known as Obamacare, in 2010, over twenty million Americans have garnered medical insurance. Obamacare and Medicare put together helps this group of Americans pay for preventative services that eventually may save their life.

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Expansion Of Medicaid Essay

482 Words | 2 Pages

Representative Tom Price and Speaker of the House Paul Ryan have suggested the idea of implementing block grants. Block grants are a fixed amount of money given to the states depending on how much of the population is near or in the federal poverty line and would grow slightly each year to accommodate the inflation. While in theory, it may seem like a beneficial plan to help Medicaid, but in practice as years pass fewer people would be covered by Medicaid because there wouldn’t be enough funding, since medical inflation grows at a much faster rate, than what the plan accommodates for. This plan would also mean that instead of the federal government having the control of Medicaid, states would have the control instead. If the plan for block grant funding is actually used instead of the federal-state funding than 14 million Americans who can’t pay for health insurance will lose their eligibility for Medicaid by 2026.

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Universal Health Care Argumentative Essay

727 Words | 3 Pages

46.8 million Americans were reported as uninsured in 2013, which equivocates to one sixth of the population. Those without insurance have revealed that they risk “more problems getting care, are diagnosed at later disease stages, and get less therapeutic care” (National Health Care Disparities Report) and those insured risk losing their insurance. Inadequately covered citizens are often working-class individuals who simply cannot receive insurance due to uncontrollable inconveniences and therefore jeopardize having medical coverage. In these instances, Americans have a chance of being diagnosed with diseases that they had no opportunity to prevent or could not diagnose them at an early stage of the illness. Patients have suffered unnecessarily due to lack of health care, and “18,000 Americans die every year because they don't have health insurance” (PNHP).

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