Medicare: The Basics of Design, Coverage, and Financing
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Medicare, the favorite American health insurance program of progressives. A program that covers 65 million Americans ages 65 and older, and those with End Stage Renal Disease (ESRD), ALS, or have received disability insurance payments for two years. It is our largest single health care program in terms of spending and our second largest in terms of enrollees after Medicaid/CHIP’s nearly 90 million enrollees. Some people claim that Medicare is the closest thing America has to single payer public insurance, and expanding its coverage to everyone in the United States (and eliminating out of pocket costs) is the ideal way to achieve universal health coverage. But how is it actually designed? What does its coverage look like? And how is it financed?
Medicare: The Basics of Design, Coverage, and Financing
Medicare: The Basics of Design, Coverage, and…
Medicare: The Basics of Design, Coverage, and Financing
Medicare, the favorite American health insurance program of progressives. A program that covers 65 million Americans ages 65 and older, and those with End Stage Renal Disease (ESRD), ALS, or have received disability insurance payments for two years. It is our largest single health care program in terms of spending and our second largest in terms of enrollees after Medicaid/CHIP’s nearly 90 million enrollees. Some people claim that Medicare is the closest thing America has to single payer public insurance, and expanding its coverage to everyone in the United States (and eliminating out of pocket costs) is the ideal way to achieve universal health coverage. But how is it actually designed? What does its coverage look like? And how is it financed?