Medicare is a federal health insurance program for ages sixty-five or older, young individuals with disabilities, and individuals with End-Stage Renal Disease. There are different parts of Medicare which consist of Medicare Part A, Medicare Part B, and Medicare Part C. This paper will explore the Medicare Reform and how it is an important topic.
In the depression elderly individuals were more reliant on their sons and daughters, but their sons and daughters didn’t have any jobs. The life expectancy for Caucasians was 61 years of age and for African Americans was 48 years of age. Many elderly individuals were faced with the problem of medical cost. In 1965 a bill was passed that provided coverage to all individuals 65 years of age and older, regardless of their income and health status called Medicare. Medicare is an insurance that covers doctors and hospital visits in which pays providers for the service that is given to the patient. In the first week of the plan being passed, 1 million enrollees purchased the plan. Since Medicare only reimbursed integrated hospitals for treating Medicare patients, this caused the end of racial segregation in hospitals. In 1972, Medicare then expanded its eligibility to include younger adults with disabilities and individuals with end stage kidney disease. In 1982, the government then extended its hand to have hospice benefits. Congress then passes the Medicare Modernization Act in 2003, which includes the drug benefit (Part D) and expands the role of private health insurance plans in Medicare (Medicare Advantage Plan).
Under the Medicare Plan there are two types of plans that an individual can be under which consist of the Original Medicare Plan or the Medicare Advantage Plan. Under the Original Medicare Plan there are two types of segments such as: Part A and Part B. Part A is a segment that covers hospital services which consist of; some skilled nursing facilities, inpatient hospital care, some home healthcare, and hospice care. This insurance is free if you have worked and paid Social Security for ten years, but for individuals that have not worked and have not paid taxes less than 10 years, will have to pay a monthly premium fee. Part B is health insurance that covers doctor’s services which consist of; durable medical equipment, outpatient hospital care, and some care that Part A doesn’t cover. With this insurance you will pay a monthly premium fee for coverage. The Medicare Advantage Plan is a plan that allows individuals to create a customized health insurance plan that will meet their medical needs. Medicare Part D allows Medicare patients to have a different costs and a list of prescription drugs that is covered by Medicare. At times many elderly individuals may think that they do not have health insurance, but with these plans such as the Original Medicare and Medicare Advantage Plan there is insurance available to elderly individuals or individuals that may have a disability.