Which health care financing program is federally funded and provides coverage for older adults and certain disabled individuals?

Which health care financing program is federally funded and provides coverage for older adults and certain disabled individuals?

• A. PPO
• B. Medicare
• C. Long Term Care Insurance
• D. Exclusive Provider Organization

Answer: (B)

Medicare is a federally funded health insurance program that covers older adults and certain disabled individuals. It is financed by the U.S. government, mainly through Social Security payroll taxes, with additional funding from beneficiary premiums and general revenue. It includes Part A for hospital care, Part B for medical services, Part C (Medicare Advantage) as a private plan option, and Part D for prescription drugs. This setup differentiates it from private managed care plans like PPOs and EPOs, which are not funded by the federal government in the same way. Long-Term Care Insurance is typically private coverage and does not represent a federally funded universal program.

Medicare is a federally funded health insurance program that covers older adults and certain disabled individuals. It is financed by the U.S. government, mainly through Social Security payroll taxes, with additional funding from beneficiary premiums and general revenue. It includes Part A for hospital care, Part B for medical services, Part C (Medicare Advantage) as a private plan option, and Part D for prescription drugs. This setup differentiates it from private managed care plans like PPOs and EPOs, which are not funded by the federal government in the same way. Long-Term Care Insurance is typically private coverage and does not represent a federally funded universal program.