Medicare

Medicare is a government program that provides
health insurance coverage for retirees
65 years of age or meet certain other medical conditions
conditions, such as having a disability.

Medicare was signed into law in 1965 as a
modification of the Social Security program and
administered by the Center for Medicare and Medicaid Services
(CMS), Department of Human Services.

Medicare provides health insurance coverage for more than
43 million Americans, many of whom have
insurance. Although not perfect, Medicare
program offers these millions of relatively low
cost of basic insurance, but not much in the way of
preventive care. For example, Medicare does not pay
an annual physical care vision or dental care.

Medicare is paid through deductions from payroll tax
(FICA) equal to 2.9% of salary, the employee pays half
and the employer pays half.

There are four "parts" of Medicare Part A is hospital
the Medicare Part B is medical insurance, Part C
supplemental coverage and Part D is prescription
insurance. Parts C and D have an additional cost and
is not necessary. Neither the A nor B pays 100%
medical expenses, there is usually a premium co-payment and
a deductible. Some low-quality resources for
Medicaid to help pay part or all of
the costs of its pocket.

Because more people are retiring and being eligible
Medicare at a rate faster than people are paying
in the system, it is envisaged that the system
run out of money in 2018. Health care costs have
increased dramatically, adding to financial problems
Medicare and the system has bee plagued by fraud
in recent years.

Nobody seems to have a viable solution to save this
system that saves many people throughout the country.