ipl-logo

Pros And Cons Of Medicare

781 Words4 Pages

Medicare is a federal government health insurance program for individuals 65 or older, under 65 with disabilities, or any age with End Stage Renal Disease of ALS. Medicare Part A covers inpatient hospital stays or skilled nursing facilities. Medicare Part B covers physician visits, outpatient services and some preventive care. Medicare Part D is the prescription drug coverage. Medicare Advantage (Part C) includes Part A, Part B and usually Part D depends on the coverage you choose. Medicaid is a joint federal and state health insurance program that helps pay the costs for families with limited income and resources. Medicaid has multiple programs designed to help specific people. Although it is a joint program with the federal government, …show more content…

It also made health insurance unaffordable for many people. Case in point, if I did not have employer health insurance my monthly premiums would be $785.00. My significant other is currently paying a monthly premium of $1,081.98. The same policy pre-Obama care was $173.00. The worse part of the Affordable Care Act is now, a private individual cannot shop around for health insurance. The Affordable Care Act took free enterprise out of the health insurance market place and left private citizens with the Health Insurance Exchange. I am sorry, but I personally do not see anything affordable in the Affordable Care Act. We are stuck paying extremely high insurance premiums or risking not having insurance and paying a government-imposed tax penalty. Thank you, Mr. Obama. Only in the United States of America can you take insurance away from those that have insurance and give insurance to those that do not have insurance, and now no one can afford insurance. The issue is not Medicare, Medicaid or uninsured, they are well taken care of. The issue is those that own property or have something to lose if they incur high medical bills. Just this past week, I had a patient with a lung nodule that needs a CT Chest. She declined because she owns property and does not qualify for charity. She makes too much money for government assistance with health insurance premiums, therefore she is uninsured. She would have to pay for the CT out of pocket. Therefore, she has declined medical care for the lung

Show More
Related
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.

Read More
624 Words | 3 Pages

Medicare is a federal government administered healthcare program originally implemented on July 1, 1996. Medicare has four parts (A, B, C and D) that provide different areas and differing levels of coverage. All Medicare programs provide coverage for cover healthcare services to qualifying individuals, known as beneficiaries, which includes Social Security beneficiaries over the age 65, people under 65 with certain disabilities, and people of all ages with end-stage renal disease. Each program provides coverage for medically necessary care and services to covered beneficiaries and has deductibles or copays for covered services. Medicare Part A, Medicare Part B and Medicare Part C all provide coverage for medical services.

Read More
187 Words | 1 Pages

The Affordable Care Act, (ACA) often referred to as Obamacare, was signed into law March 23rd, 2010 and has quickly become a nightmare to millions of citizens nationwide. While there were fortunate people who benefited from the heavily subsidized and affordable healthcare that was not readily available before ACA was passed, many more people found that their once affordable healthcare was no longer an option due to new ACA requirements (how so?). ACA was designed to extend insurance benefits to roughly 30 million uninsured Americans. The Obama administration aimed to extend Medicaid and provide federal subsidies so lower and middle-class Americans could afford to buy private insurance. This act alone forced millions of Americans out of their

Read More
1444 Words | 6 Pages

The Affordable Care Act “provides Americans with better health security putting in place comprehensive health insurance reforms that will; expand coverage, hold insurance companies accountable, lower health care costs, guarantee more choice, and enhance the quality of care for all Americans” states in the Affordable Care Act article. The base of the Affordable Care Act is to help the middle class or financially unstable people get cost effective insurance. This is a major benefit for millions of people especially that don’t have a stable job, young adults and many with families to support, and people who retire and can’t afford paying so much money for medical problems. So with that being said, it will be a long-term benefit for millions to

Read More
414 Words | 2 Pages

The Affordable Health Care Act is flawed in numerous ways. The premiums are higher than they anticipated them to be. They tried to make it to where everyone would pay the same amount, however it is more expensive to do this. That reason is people that are very sick are in the same health care plan as people that are healthy, and they never visit the doctor. So, healthy people are paying the costs for sick people to go to the doctor.

Read More
271 Words | 2 Pages

With these managed chronic conditions, many baby boomers will need costly prescriptions. Medicare Part D coverage was passed in 2006 and used as a cost-sharing method for the high cost of prescription drugs (Hsu et al., 2008). While Medicare does offer part D coverage, there are still copayments,

Read More
637 Words | 3 Pages

The Affordable Care Act is essentially an act that was signed on March 23, 2010, by President Obama in hopes that it would provide U.S. citizens with affordable and better quality health insurance, and also regulating and reducing health care expenses in the U.S. Prior to the act being signed into law, there were many unsettling things that health insurance companies could do without repercussion, for example, insurance companies where able to deny coverage to a person because of past illnesses, get dropped for making a mistake on application, and also be charged more or less based on your sex. With the passing of the ACA, many of these problems disappeared but some other problems became prevalent. There are many benefits that the ACA brought to the table for example, No annual or lifetime limits on healthcare. Before ACA there where

Read More
862 Words | 4 Pages

In the United States, Medicare is the program supports people over age 65 with medical care. It also provides support for persons with certain disabilities and people of all ages who have kidney failure. Medicaid is a state administered program that provides medical support for a broad range of people. However, each state administers Medicaid individually and this creates inconsistencies in the program across the country. There are specific rules for judging just how much money someone receiving Medicaid can make and be eligible.

Read More
469 Words | 2 Pages

Because Medicare is run by the federal government, its coverage, rules and guidelines are basically the same everywhere in the United States. With this program patients pay part of the costs through deductibles for hospital stays and they are required to pay monthly premiums health care services. Medical bills are paid from trust funds which those covered have paid into. Medicare has four parts: Part A: offers

Read More
603 Words | 3 Pages

The Affordable Care Act wants to expand Medicaid to the working poor with income up to 133% of the federal poverty level. A set of 10 categories of services health insurance plans must cover under the Affordable Care Act including doctors' services, inpatient and outpatient

Read More
665 Words | 3 Pages

Free Medicare Services Introduction Good health cutting across all age groups ensures that all individuals become productive for the nation, and thus the nation’s economy prospers. However, unaffordable healthcare has made this fate unachievable. A majority of the aged people struggle to afford basic resources that are required to afford healthcare. Despite reforms such as the Affordable Care Act being introduced in the healthcare sector to regulate Medicare, Medicare remains to be unaffordable to many elderly people (Kaplan, 2011).

Read More
664 Words | 3 Pages

However, younger people may qualify if they have received 24 consecutive months of Social Security disability benefits, along with other specific requirements. There are four parts to Medicare’s benefits. Original Medicare includes Part A and Part B. Part A generally covers hospital care and hospice care, and Part B (Original Medicare) covers services such as medical care, durable medical equipment, and supplies, and some preventative services. Part A is funded primarily through a dedicated payroll tax paid by employers and their employees, while Part B is financed through a combination of general revenues, premiums paid by beneficiaries, and interest.

Read More
396 Words | 2 Pages

The Affordable Care Act (ACA) was passed in March 2010 to deal with America's preexisting medical crisis (pg. 682). Before the ACA there were two main factors leading to the health care crisis, "the increasing cost of health care and the failure to deliver a decent minimum of health care to everyone in need of it" (pg. 693). Furthermore, the cost of health care continued to rise but unfortunately, the health of Americans did not match this trend (pg. 693). Also, because health care used to be tied to employment many people went uninsured because they didn't have employment or because the cost of an employee's insurance was too high (pg. 687). If a person had employment and was able to pay, he or she could still be turned away due to a pre-existing condition (pg.

Read More
366 Words | 2 Pages

The Affordable Health Care Act, also known as “Obamacare”, is basically just Obama trying to make sure that the whole nation has insurance and if they do not have it by January 1, 2014, they will be penalized with a fine. To make insurance more affordable, many Americans are able to qualify for a subsidy that lowers the cost depending on age and income. Also, “Obamacare” made it impossible for insurers’ to discriminate, or charge higher rates, for anyone who has pre-existing conditions or for a certain gender. Medicare will also be easier to obtain due to requirement of insurance. This law was passed in the U.S. on March 23, 2010 by Congress and President Barack Obama.

Read More
428 Words | 2 Pages

Before the Affordable Care Act was put into work, over 45 million Americans were uninsured. The Affordable Care Act, also known as Obamacare, was then made to help those who were uninsured. It allowed people with financial struggles with the same opportunity as everyone else to have a healthcare plan. Even though the law was passed in 2010, it took a full year of back and forth to get it passed in the Senate. Obamacare may help you get coverage, but charge you an annual fee if you don’t have one.

Read More

More about Pros And Cons Of Medicare

Related Topics

Open Document