Question

. In short, describe Medicare, the cost to the individual and government, and in your opinion is Medicare for all a good idea.

Answer 1

--> Medicare is the federal health insurance program for :--- People who are 65 or older ; Certain younger people with disabilities ; People with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD).

--> In FY 2018, the Medicare program costs $582 billion which is about 14 percent of total federal government spending.After Social Security, Medicare was the second largest program in the federal budgetnin 2018.

--> Medicare has four parts: loosely speaking Part A is Hospital Insurance. Part B is Medical Services Insurance. Medicare Part D covers many prescription drugs, though some are covered by Part B. In general, the distinction is based on whether or not the drugs are self-administered but even this distinction is not total. Public Part C Medicare health plans, the most popular of which are branded Medicare Advantage, are another way for Original Medicare (Part A and B) beneficiaries to receive their Part A, B and D benefits; simply, Part C is capitated fee and Original Medicare is fee for service.

-->Medicare for all is a good idea,but to what extent it can benefit normal people depend upon various factors such as fiscal deficit issues, political leadership, proper implementation etc.