History of Medicare

History of Medi divvy up HCS 530 Professor Michele Fletcher December 4, 2006 Background The social Security system, which was created as an economic safety net for older Americans, was failing to harbor them against the greatest single cause of economic dependency in old age which was the high cost of medical tutelage. The impoverishment for a social insurance program to provide older Americans with reliable health care coverage started within the kind Security Administration and in Congress. In July 1965, the House and Senate passed the consign which established Medicare, a social insurance program designed to provide all older adults with comprehensive health care coverage at an affordable cost. Findings Since its inception in 1965, Medicare has been one of the fastest growing federal programs. When the program began on Jul 1, 1965, 19.1 million persons were enrolled. In 2004, approximately 42 million persons were enrolled. In its first 30 years, the programs costs grew at an average rate of 15% a year. As a percentage of the federal bud father, Medicare accounted for just over 1% in 1967, increased to 12% by 1997, was budgeted at 11.6% for 2004, and is projected at 15.2% for 2010. In 2003, Medicare represented 19.

1% of all personal health care pending in the United States. (The Health Care Manger, 2005). The Medicare regulation established a health insurance program for recovered persons to complement the retirement, survivors, and disability insurance benefits under opposite titles of the Social Security Act. When first implanted in 1966, Medicare covered or so persons aged 65 years or older. Since then, legislation has added other beneficiaries such as persons on disability payments from social certification or the Railroad Retirement Board and persons with end-stage renal illness requiring continuing dialysis or kidney transplant. (The Health Care Manager, 2005). Medicare originally consisted of 2 primary parts: hospital insurance (HI) and... If you want to get a full essay, order it on our website: Orderessay

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