Medicare and Medicaid Research Paper

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Medicare and Medicaid

Medicare vs. Medicaid

Despite the current resistance to healthcare reform, the United States does possess two public health insurance programs: Medicare and Medicaid. Medicare is the public health insurance program designed to provide the nation's elderly population with health services; Medicaid is designed to provide healthcare services to all Americans living below the poverty line. The primary difference between the two programs is that Medicare is directly financed by the federal government while the federal funds for Medicaid are disbursed to the states, 'matching' the state money used to finance the program.

Medicare is offered to lawful residents of the U.S. age 65 or older who have lived in the U.S. more than five years. Some individuals with certain permanent disabilities and all U.S. residents with end-stage renal disease are eligible for Medicare. Medicare is divided into two parts. Medicare Part A helps pay for inpatient care while Medicaid B. pays for medically-necessary outpatient care. Medicare Part A does not have a standard monthly premium for most citizens if they or their spouses paid Social Security taxes. Medicare B. does. With standard Original Medicare there are deductibles and coinsurance for services. Additional support exists in the form of Medicare prescription drug coverage Part D (given that prescription drugs are often a major expense for seniors) and the Medigap (Medicare Supplement Insurance) policy which provides assistance paying copayments, coinsurances, and deductibles. Seniors with limited income and resources can also receive additional help in paying for these expenses through Social Security or their state Medicaid office (What is Medicare, 2011, Medicare). Medicaid can pay Medicare deductibles and premiums and 20% of all other charges not paid by Medicare (Medicare and Medicaid: What's the difference, 2011, Nolo)

Medicare is not a poverty-based program -- anyone is eligible, although it was established in recognition of seniors' increased medical costs and historically lower levels of income. It was designed to prevent seniors and permanently disabled persons from falling into poverty because of failing health and an inability to work (Medicare and Medicaid: What's the difference, 2011, Nolo). In contrast to Medicare, Medicaid primarily serves low-income citizens living at a state-determined poverty threshold. Depending upon… [END OF PREVIEW]

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Medicare and Medicaid.  (2011, June 24).  Retrieved January 21, 2020, from https://www.essaytown.com/subjects/paper/medicare-medicaid/9352409

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"Medicare and Medicaid."  24 June 2011.  Web.  21 January 2020. <https://www.essaytown.com/subjects/paper/medicare-medicaid/9352409>.

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"Medicare and Medicaid."  Essaytown.com.  June 24, 2011.  Accessed January 21, 2020.
https://www.essaytown.com/subjects/paper/medicare-medicaid/9352409.