Medicare Prescription Drug

Reconciliation Act of 2010 (P.L. 111-152) which is the expansion of the Medicaid program. The original policy was created by Congress in 1965 and signed by President Lyndon Johnson, it was the concept of a universal health plan that combined both Medicare and Medicaid to serve the elderly (Policy Basics, 2015). The funding for this program was orchestrated in a way that allowed states to ramp up, in order to take on such an enormous financial burden, but numerous states chose not to expand…

utilization of healthcare services in order to save money through the Medicare program. “Although the administration talks about making Medicare more efficient, three separate reports by the Congressional Budget Office (CBO) have concluded that the pilot programs and the demonstration projects that are supposed to find these efficiencies are not working” (Goodman, 2015, para. 30). The only program that has uncovered inefficiencies is the Medicare Advantage program, but policy makers are moving…

Financing Since 1997, the OASDI program have always placed a requirement for their workers and their employers and self-employed persons to pay taxes on every earning to cover jobs up to the annual taxable maximum. Amounts are automatically adjusted as wages continue to rise. There are two separate trust funds that funds are placed in; the OASI Trust Fund and the DI Trust Fund. All the money that is received by the trust funds is usually used to pay the benefits and operating expenses of the…

Introduction Policy is very essential for a society, as well as the well-being of individuals. Policies are created by different branches of government at different levels in order to protect human rights, assure the delivery of benefits, and create opportunities (McNutt & Hoefer, 2016). There are three different types of policies. Public policy is considered the decisions that the government makes and the laws, regulations, and other artifacts that result from these decisions, social policy is…

Rawls an unequal medical structure would be just only if the poor were better off under that system than the current. He emphasizes that this does not apply to the current American medical system. He also argues that congress opposed the current Medicare program as it was at the time considered socialized medicine. Robert Nozick opposes Rawl’s view on the theory of justice by arguing that health care is not a right. His perspective states that people tend to seek medical treatment for more and…

Introduction: The Employees’ State Insurance Scheme provides need based social security benefits to insured workers in the organized sector. ESI Corporation has taken up the daunting task of tailoring different benefit schemes for the needs of different worker groups. The scheme, which was first introduced at two centers in 1952 with an initial coverage of 1.20 lakh workers, as on 31/03/2014, the scheme applied to 6.70 lakh employers employing 1.95 crore insured persons at 815 centers. The Act…

Medicare Medicare refers a United States insurance program that has been in operation since the year 1966. Under the Social Security Amendments done in1965, the Medicare legislation crafted a health insurance program targeting the aged persons so as to supplement the retirement, as well as disability insurance benefits under Title II of the Social Security Act(Bryan, 2004). The program targets individuals aged 65 years and above and the young persons with end stage renal problem, amyotrophic…

Reorganization of the health care system was a strategy that came into favor in the early 1970s. Those who espoused this strategy believed that the problem with the health care system originated with faulty incentives that market forces could correct. As such, the structured competition that result from reorganization should allow the health care market to right itself, thereby lowering costs and improving the quality of care. There are three major factors that help explain the appeal of…

Many problems in the government today have to do with the troubling financial economy. Americans rely on some sort of income whether it’s to pay for services or to purchase necessities. The social security administration also was known as the social security board was created by Franklin D. Roosevelt when he signed the Social Security Act on August, 14, 1935 (SSA). Over the years there has been many heated debates on whether Social Security should be privatized. Many people believe Social…

Medicare requires certain technology infrastructures to be in place to validate services provided. Medicare will reimburse the ACO’s for complicated diagnoses. However, the negative is Medicare does have capitations for certain diagnosis-related groups. The other negative is the reversal of paymenst if criterias are not followed. The healthcare recipients…