Medicare


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia.
Related to Medicare: Medicaid, Medicare and Medicaid

Medicare,

national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. Coverage for certain people with disabilities began in 1973. Medicare provides for a basic program of hospital insurance, under which enrollees are protected against major costs of hospital and related care; and a supplementary medical insurance program, through which persons are aided in paying doctor bills and other health-care bills. It is funded by a tax on the earnings of employees that is matched by the employer and by premiums paid by enrollees. In 2012 some 51 million Americans were enrolled in Medicare. Legislation passed in 2003 provides for a drug benefit program (beginning in 2006), higher premiums for enrollees earning more than $80,000, and subsidies over 10 years to encourage private insurers to compete with Medicare.

Medicare

U.S. program of health insurance for the aged. [Am. Hist.: EB, VI: 747]
References in periodicals archive ?
But Medicare administrator Mark McClellan on Thursday dismissed Waxman's report as ``misleading in a number of respects,'' arguing that what Waxman called restrictions are in fact tools that private health plans, as well as Medicaid, commonly use.
The information about the new Medicare Part D program and its problems is changing daily, so note the date of this article above.
Polls indicate that, although the overwhelming majority of elderly were not thrilled by the Medicare Modernization Act, they were not inclined to punish the administration and its supporters for passing the bill.
The true goal of the legislation, she said, is to privatize Medicare and push seniors into HMOs.
It is unclear whether it will be within the Center for Medicaid and Medicaid Services (CMS) that currently manages the Medicare and Medicaid programs or a stand-alone agency in Health and Human Services.
is a cardiac surgeon who is considered to be the Medicare expert in the Senate.
In 1965, Medicare was created to provide coverage on the then-central tenet of health-care treatment--hospital inpatient, invasive procedures.
Unlike the managed-care system, Medicare does not contain costs by rationing care to patients.
It is precisely because Medicare relies for 60 percent of its funding on an earmarked payroll tax that Medicare is vulnerable to bankruptcy rumors.
And, Medicare will still make sure that you have the appropriate coverage, that you are dealing with an approved supplier, and that you have not sent in a duplicate claim.
Based in Miami Lakes, Florida, SSC is contracted to support over 5 million Medicare and Medicaid recipients nationally.