Cost containment measures enacted in 2000s Expansion of program mandated in ACA

Cost containment measures enacted in 2000s expansion

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Cost containment measures enacted in 2000s Expansion of program mandated in ACA Supreme court converted mandate to option Medi caid and Medi care
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Medicare Social insurance for the aged & disabled In 2013, covered: 43.5 million people over 65 years 9 million young people with disabilities Total cost: $583 billion (Board of Trustees, Federal Hospital Insurance...2014) Administered by federal officials Funded by federal government Limited benefits package Part A (1965): inpatient hospital care All beneficiaries receive inpatient hospital care Part B (1965): outpatient care Voluntary program; coverage for outpatient care for those that pay $110 monthly premium 95% of Medicare beneficiaries enroll in Part B Part C (1997): managed care program Also known as Medicare Advantage Not a separate benefit, allows private insurance co to have contracts with the government Part D (2003): prescription drug coverage Controversial “donut hole” provision Helping those who remained uninsured Early 2000s: 46 million Americans uninsured More than 15% of the U.S. population; Texas 20-25% uninsured Decline in coverage by employer-sponsored insurance Decrease in number of Americans with employer-sponsored private health insurance
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