How is Medicare Part A financed? Group of answer choices payroll taxes paid only by employers...

How is Medicare Part A financed?

Group of answer choices

payroll taxes paid only by employers

out-of-pocket

payroll taxes paid by both employers and employees

congressional fiat

Solutions

Expert Solution

Answer:

payroll taxes paid by both employers and employees

Explanation:

Medicare part A is financed primarily through a dedicated payroll tax of 2.9 percent earnings paid by employers and the employees(1.45 percent each).Funding for Medicare comes primarily from payroll tax revenues,general revenues and premiums paid by beneficiaries

keosha answered 1 year ago

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