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Similarities Between Medyare And Medicare

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According to Brief Summaries of Medicaid and Medicare Title XVIII and Title XIX of the Social Security Act, Medicaid is known as Title XIX of the Social Security Act, and Medicare is known as Title XVIII of the Social Security Act (Curtis, Klees, Wolfe, 2010). Medicare is a federal health insurance program that provides medical care to people over sixty-five or older or have a severe disability (no matter the person’s income), whereas Medicaid is a federal-state medical assistance program for low-income people of every age (Curtis, Klees, Wolfe, 2010 ). Although Medicare and Medicaid both were established in 1965 and signed by President Lyndon Johnson (U.S. Department of Health and Human Services, 2015), they are funded differently. Medicare has two trust funds known as Hospital Insurance (HI) and Supplementary Medical Insurance (SMI) which all financial operations are handled through. Part A (HI) of Medicare is funded by payroll taxes paid by most employees, employers, and people who are self-employed. Part B and Part D (SMI) of Medicare is funded by contributions from the general fund of the U.S. Treasury and by beneficiary premiums (Curtis, Klees, Wolfe, 2010). …show more content…

On the other hand, Medicaid is funded by the states on a fee-for-service basis or various prepayment arrangement (Health Maintenance Organization), and the federal government through a program known as the Federal Medical Assistance Percentage (Curtis, Klees, Wolfe,

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Medicare Part C is a Medicare’s managed care benefit called Medicare Advantage plan. Each plan offers different benefits and different rules than traditional Medicare. Medicare Part D is the Medicare prescription drug coverage program; however, the cost and coverage varies by plan.

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There are aspects of Medicaid, especially for low-income populations, where it is really almost better to have instead of private coverage. In Medicaid, there are very low copays and no deductibles, but Medicaid recipients are more likely to report having difficulty finding a provider or delaying care because their health care coverage is not widely accepted.

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Constitutionally then, the responsibility to provide health care does not fall on the federal government but clearly lies with the states. Besides being unconstitutional, when Medicaid was first established in 1965, it was originally meant for the programs of Medicaid to be administered by the states, not the feds (Waldman, Para. 2). So not only is it constitutionally wrong for the federal government to control healthcare, but the Medicaid system we have is lawfully wrong according to the original document. While some might argue that since Washington pays for Medicaid for the

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Block grants refer to programs in which the federal government provides large sums of money to state governments in order to pay for various services, such as in the case of this report, health care. Block grants tend to have very little regulation has to how the funds should be spent. Instead, the receivers of the block grants get to decide on how the funds should be allocated. The United States has been using block grants notably since the 1970s under a political ideology known of “New Federalism” (Kodjak, 1).

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Medicare is our country’s health insurance program for people ages 65 and older. Certain people younger than 65 can still qualify for Medicare, including those who have disabilities. In 2006 there were over 38 million people receiving Medicare benefits in the United States. Blue shield is a form of Medicare. Blue shield is a health care that is in the U.S. and Canada.

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What is Medicare Plan D? Also known as the Medicare prescription drug benefit, Medicare Part D is a specific plan of the United States federal healthcare program- Medicare. The main objective of Medicare Part D is to allow the Medicare beneficiaries benefit of subsidized rates of prescription drugs and prescription drug insurance premiums. However, it is important to note that the beneficiaries have an option of getting the

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CHIP will then cover any outstanding medical expenses for the families. Medicaid is a medical program created by the government for citizens with very low income. Additionally, Medicare is a medical coverage program paid through the government paid for by taxes, which covers individuals over the age of 65 who are retired and are no longer in the

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Medicare is only a federal based program. One of the other differences between the two are Medicaid will cover long term care and assisted living as long as it is necessary, where Medicare does not. The similarities that I found among the two are the fact that they are both funded federally, and that they are both

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Legislative history of Medicaid goes back to 1965 when it was created through the Social Security Act. According to the Official U.S. Government Site for Medicare (2010), “The Early and Periodic Screening, Diagnostic and Treatment (EPSDT) Plan was made for children under the age of 21” (p. 1). This was very big at the time because it was used to try to prevent diseases for children at this time. Most of it was prevention and early intervention to try to have young people healthy as they become adults. According to the Official U.S. Government Site for Medicare (2010), “In the 1970s, Medicaid began to give coverage for people in intermediate care facilities” (p. 1).

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Medicare Part C is Medicare advantage plans is an alternative way to receive Medicare benefits. Medicare Part D is most common and is the prescription drug

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The Childs Health Insurance Program is similar to Medicaid but only children are allowed to receive benefits from the program. CHIP covers medical supplies, hospital care, tests, eye exams, dental care, and other check-ups. Food stamps is a supplemental nutrition assistance program. Supplemental Security Program is a program that provides cash to help the disabled, blind and the

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While we have many social welfare programs here in the United States I personal believe Medicaid has been very successful and has benefited many families in America. In 2014 it was recorded that medicaid helped roughly "64.9 million low-income adults" The largest share, around half was reported to cover 29.5 million children. Second was 19.2 million adults. While this is a large amount of citizens, a big part of Medicaid was it would pay for forty percent of all births recorded in the United States.

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The bills are paid by tax funds, federal and the state. Due to Medicaid being run by the government the eligibility might vary on what state you live in. Medicaid covers a broader spectrum of services other than Medicare does not. Medicaid benefits are paid directly to the provider of the services. Then there is Medicare which Is insurance for 65 or older individuals.

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Healthcare Reimbursement Healthcare is made up of many factors. Among those factors are provider reimbursement and the different types of financial methods used by the patients to acquire healthcare services. Provider reimbursement is important and necessary in order to maintain the continuation of healthcare. Like every organization, including non-profit organizations, require revenue in order to pay their healthcare providers, expenses accrued, and to obtain the supplies needed to aid in rendering services. With that said, this is why there are many financial methods such as third-party payers, government agencies, private health insurance, and patient payments.

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Finally in the 1960’s, there was a passage of Medicare and Medicaid voluntary insurance. (Patel 94) In order to make sure more Americans are covered, there must be some kind of reformation of the health care system here in the states. The United States health care system, compared to other countries, is considered immoral to many people. In debates, it has been said that if there were to be medical coverage for everybody, it would lead to “rationing” of health care, but in all reality, the United States already rations health care.

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