Question

The primary funding source for the expenses of current Medicare beneficiaries is the fund current beneficiaries...

The primary funding source for the expenses of current Medicare beneficiaries is the fund current beneficiaries contributed to throughout their lifetime.

true or false
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Answer #1

That is FALSE.

The Medicare programme is a national level insurance programme in the U.S.A. It aims at providing health insurance for older people (aged above 65) and for disabled .Under this scheme patients usually get their cost of health services reimbursed I order to cope with high costs.

A budget allocation is usually made for this scheme every year .People usually pay premium to get enrolled in the scheme .Payroll taxes (levied on employees and employers ) will generate the required amount of income for this scheme usually.For the last few years the allocation percentage has been increasing. In 2019 around 60% of the total budget is estimated to be spent on social security,medicare and Medicaid .

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