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This is a health care program that is instigated by the Federal government of the US to offer health care services to the common people in the country. As part of this program, the federal government would offer health insurances to the people above 65 years of age. In addition to this, it also provides health insurance to the younger people who have disabilities. The main motto of starting this program is to provide health care services to the people who cannot afford to get quality treatment. The treatment expenses of a patient are completely borne by the federal government. Every patient who is above 65 is entitled to avail these Medicare services.
The Medicare services came into force in 1965. The federal government has started providing medical services to the public of their country so that no common person should die out of the poor medical services. As part of this health insurance program, patients can get treatment to various health ailments that are otherwise expensive for them to bear. The health insurance program is mainly started to give quality medical services to the people who cannot afford to get treated in high end hospitals. The The Medicare services came into force in 1965. The federal government has started providing medical services to the public of their country so that no common person should die out of the poor medical services. As part of this health insurance program, patients can get treatment to various health ailments that are otherwise expensive for them to bear. The health insurance program is mainly started to give quality medical services to the people who cannot afford to get treated in high end hospitals. The objective of starting this health insurance program in the US is to offer quality health care services to the elderly people of the country. However, to avail this benefit, the people should be residing in the US since 15 years. Moreover, youngsters can avail this benefit only when one of their body parts is disabled. The clause in Medicare services is that, the government would bear 80% of treatment cost and rest of the amount has to be borne by the patient. . However, there are many private insurance companies who are taking care of the rest 20% of insurance expenses of the patients. The funds for this are generated from the payroll taxes of various corporations. Around 2.9% of the amountof payroll taxes is spent on offering Medicare services to the elders and disabled people of the country. Moreover, half the amount for Medicare services is paid by the employers and the rest of payroll taxes are paid by employees. In case, if the person is running his own business, then he is responsible to pay the entire amount for Payroll taxes as part of the Medicare services.
The person who is paying payroll taxes for the last ten years, then he is not supposed to pay a single penny for the treatment. In case, if the person failed to pay payroll taxes for the last 40 months continuously, then the person has to pay extra amount for the medical treatment.
The Medicare services are offered to the public by the government. This service is offered only to the people who are earning only a meager amount of money and cannot afford costly treatments and borne medical expenses. People who are above 65 years of age can avail this service.
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