This paper discusses on how to Analyze one federal government payer program.) An impact on today’s healthcare ecosystem by doing the following: 1. Explain how the Medicare program impacts certification for physicians and hospitals.
for healthcare services (i.e., Medicare) making an impact on today’s healthcare ecosystem by doing the following: 1. Explain how the Medicare program impacts certification for physicians and hospitals. 2.
Medicare is a national health insurance program in the United States, begun in 1966 under the Social Security Administration (SSA) and now administered by the Centers for Medicare and Medicaid Services (CMS). It primarily provides health insurance for Americans aged 65 and older, but also for some younger people with disability status as determined by the SSA, and people with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig’s disease).
In 2018, according to the 2019 Medicare Trustees Report. Medicare provided health insurance for over 59.9 million individuals .More than 52 million people aged 65 and older . According to annual Medicare Trustees reports and research by the government’s MedPAC group, Medicare covers about half of healthcare expenses of those enrolled. . These additional so-called out of pocket (OOP) costs can include deductibles and co-pays; the costs of uncovered services—such as for long-term custodial, dental, hearing, and vision care; the cost of annual physical exams (for those not on Part C health plans that include physicals); and the costs relate to basic Medicare’s lifetime and per-incident limits. Medicare is funded by a combination of a specific payroll tax, beneficiary premiums, and surtaxes from beneficiaries, co-pays and deductibles, and general U.S. Treasury revenue.
Medicare is divide into four Parts;
and Lastly, D.