In its current form, Medicare beneficiaries pay premiums, deductibles and co-pays, unless they are also covered...

In its current form, Medicare beneficiaries pay premiums, deductibles and co-pays, unless they are also covered by Medicaid. Is this appropriate? Should we make Medicare free to everyone over 65? If so how do we pay the cost of this coverage?

Expert Solution

Beneficiaries over the age of 65 should actually be allowed to have the medicare free. These age group of citizens needs all possible help from the government and other organizations as much as possible. They are at very old age that they can't do any job properly and to meet the demands of healthcare is very difficult even with the current schemes of insurances.

Meeting the cost of this new arrangement is one of the main hurdle in the way of establishing this program. This can be done by taking a percentage of insurance cost of other people. Increasing the insurance cost of other people are not very likely to be a success as these medical insurances are already at a high price. But based on datas most insurance money are being an asset or profit to responsible institutions than what they spend.

Thus an amount from the pre existing insurance plans can be taken so as to make the life of our elderly citizens better.

Nightingale answered 2 years ago

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