What is Medicare?
Medicare refers to the medical insurance programs, which is managed by the federal government. It is designed for persons aged 65 years or older especially those who have paid and worked into the program via the payroll tax. It also covers some younger individuals with certain disabilities based on the guidelines from the Social Security Administration (Marmor, 2017). Moreover, persons with End-Stage Renal Disorders are included in the Medicare because they suffer from perpetual kidney failure needing a transplant or dialysis. It is financed through general revenues, beneficiaries’ surtaxes and premiums, and payroll taxes (Byhoff, Harris & Ayanian, 2016).
Medicare is categorized into four parts including Part A, B, B, C, and D. Precisely; Part A is mainly the hospital insurance and deals with inpatient hospital services offered in a hospice care, expert nursing hospital, and a number of home health care. Part B is mainly focused on different types of services offered by the doctor, preventive services, medical supp