The Elderly & Health Care

The Elderly & Health Care - h The Elderly&...

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Unformatted text preview: h The Elderly & Health Care h The Elderly & Health Care h The Elderly & Health Care Medicare: a social insurance program administered Medicare: by the United States government, providing health insurance coverage to people who are either age 65 and over, or who meet other special criteria such as a disability disability • It was originally signed into law on July 30, 1965 by President Lyndon B. Johnson. • Medicare is partially financed by payroll taxes imposed by the Federal Insurance Contributions Act (FICA) and the Self-Employment Contributions Act of 1954. Act h The Elderly & Health Care h The Elderly & Health Care Nursing Homes: • over $66,000 a year per patient (Chicago • • Tribune 2003) Welfare Benefits – All paid for. Welfare Non welfare patients – Personal Assets and lifetime savings quickly deplete. h The Elderly & Health Care Universal Health care: a form of medical care that form is basically run by the government and all people have where its citizens pay very little for health care and prescriptions. • Free or Very Low Costs Free • Citizens are not allowed to pick their physician physician • Those who need surgery, operations and major examinations, they must wait a long time • h The Elderly & Health Care h The Elderly & Health Care Solution: Currently there is none. Solution: Currently I suggest… • A form of government intervention to limit the amount of profit and maximize the cost coverage for patients. • Instead of the need of creating secondary insurances, let there be insurance companies that cover far more that eighty percent of the patient’s costs costs ...
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This note was uploaded on 03/17/2010 for the course HIS 101 taught by Professor Smith during the Spring '10 term at University of Maryland Baltimore.

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