Medicare is the health insurance system managed by the Government of the United States for the benefit of persons over 65 years of age or meeting certain criteria. The name derives from the contraction of ‘medical’ and ‘care.’ The first act introducing the Medicare system was passed on July 30, 1965, during the Presidency of Lyndon Johnson in the form of amendment to the social security legislation, for the War on Poverty project. In the vote on the law, President Johnson made the former President Harry S.Truman the first beneficiary of the program, issuing the first Medicare card.
At the end of the Second World War, the possibility that a conflict of same magnitude happens again was unimaginable. While during the 1930s, the Governments of the future Western camp were conducting the policy leading to a profound social instability at the beginning of the conflict; World War II marked a new start. The ideas of the British economist Keynes spread into Keynesian economics, declaring the demand policy. Indeed, the States of the Western bloc decided to support the request because demand determines supply, so the growth. Medicare, born supported by this ideology, put into force in the United States by President Johnson in 1965: his name was on the Social Security Act.
In July 2010, the Department of Justice of the United States announced the arrest of several people who participated in a 251 million fraud against Medicare.
Medicare is partly funded by taxes provided by law’s contribution to the federal assistance system to employment and to the health of 1954. For employees, the tax is 2.9% of wages (half is paid by the employee, the other by the employer). Until December 31, 1993, the Act provided a maximum beyond which wages could not be imposed. However, from 1 January 1994, this limit was removed. For the self-employed, tax is 2.9% on net income, entirely paid by him.
For the 2002 tax year, the Medicare program cost $ 256.8 billion: $ 230.9 billion were funded by the Government, the rest by the premiums paid by the assures.
¬†In 2003, Medicare was accounted for 13% of the federal budget of the United States. According to the calculations by the Centers for Medicare and Medicaid Services (CMS), 33% of every dollar spent in health care in the United States is supported by Medicare and Medicaid. In the other direction, Medicare and Medicaid cover 61% of spending in nursing, 47% of hospital expenditures, and 27% of medical expenses.
In general, individuals can receive aid from Medicare if they have (them or their spouses) contributed at least ten years, are over the age of 65 and live permanently in the United States.
Individuals who are under age 65 may also be eligible provided they be disabled or be in the final stages of kidney disease. To be eligible, these persons must receive aid either social security or pensions of railway financing fund.
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