Essay on Health Care Spending Annual Report

926 Words Sep 4th, 2015 4 Pages
Health Care Spending Annual Report In addressing the need for Healthcare Reform one must understand the history of Healthcare in the United States. Medicaid and Medicare are two of the oldest programs by which the elderly and poor can cover their medical expenses. This is achieved through the funding of state dollars. Since its passage in 1965, Medicaid is one of the nation 's main public health insurance program for low-income individuals. It is also the primary source of coverage and financing of long-term care services for the elderly and individuals with disabilities. Medicaid represents many roles in our healthcare system and was expanded as a foundational base of coverage for low-income individuals. This was made possible under the Affordable Care Act (Stanhope & Lancaster, 2012). The Medicare program was established by legislation signed into law on July 30, 1965, by President Lyndon B. Johnson. Stanhope & Lancaster (2012) points out that Medicare is another social insurance program administered by the United States government providing health insurance coverage to people who are 65 years old and over (pp.104). Today we are under the umbrella of Obamacare still a part of the Affordable Care Act. Obamacare is an US healthcare reform law that expands and improves access to care and curbs spending through regulations and taxes. In an article I read entitled, Healthcare utilization and expenditures for chronic and acute conditions in Georgia: Does…

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