Tuesday, May 30, 2023

Significant changes in Medicare's history - 65 in Florida

 

941-740-0928

The Medicare program has undergone numerous changes since its inception in 1965. Here are some of the most significant changes in Medicare's history:


- 1965: Medicare is signed into law by President Lyndon B. Johnson as part of the Social Security Amendments of 1965. The program provides health insurance to people age 65 and older, regardless of income

- 1972: Medicare is expanded to include people with certain disabilities and people with end-stage renal disease.

- 1980: Medicare begins paying for hospice care.

- 1988: Medicare Catastrophic Coverage Act is signed into law, which expands Medicare benefits and adds a prescription drug benefit. The law is repealed the following year after widespread opposition due to its high costs.

- 1997: The Balanced Budget Act of 1997 makes several changes to Medicare, including the creation of Medicare Advantage plans and the establishment of the Medicare Part B premium.

- 2003: The Medicare Modernization Act is signed into law, creating the Medicare Part D prescription drug benefit.

- 2010: The Affordable Care Act (ACA) is signed into law, which includes several changes to Medicare, such as closing the "donut hole" in the Part D prescription drug benefit and providing preventive services without cost-sharing.

- 2015: The Medicare Access and CHIP Reauthorization Act (MACRA) is signed into law, which repeals the Sustainable Growth Rate formula for physician payment and replaces it with a new payment system based on quality and value.

- 2018: The Bipartisan Budget Act of 2018 makes several changes to Medicare, including the expansion of telehealth services and the elimination of the Medicare Part D "donut hole" a year earlier than scheduled.

These are just a few examples of the many changes that have been made to the Medicare program over the years.



Monday, May 22, 2023

History of The Medicare government-funded health insurance program


The History of Medicare in the United States

65 in Florida Medicare plan evaluation and enrollment

Medicare is a government-funded health insurance program in the United States that provides coverage to people over the age of 65 in Florida, as well as to certain younger people with disabilities. The program was signed into law on July 30, 1965, by President Lyndon B. Johnson as part of his Great Society domestic agenda.

The origins of Medicare can be traced back to the early 20th century, when various efforts were made to provide health insurance to certain groups of Americans. However, it wasn't until the 1950s and 1960s that the idea of a national health insurance program gained significant momentum.

The push for Medicare was fueled by concerns about the high cost of medical care for seniors, many of whom had limited incomes and were unable to afford private insurance. The program was also seen as a way to address the growing problem of health care access and affordability in the United States.

Despite initial opposition from some lawmakers and interest groups, Medicare was ultimately passed with bipartisan support in Congress. The program initially provided coverage for hospital and medical services and has since been expanded to include prescription drug coverage and other benefits.

Today, Medicare covers over 60 million people in the United States and is one of the largest government programs in the country. While the program has faced various challenges over the years, it remains a vital source of health care coverage for millions of Americans.




The Social Security Amendments of 1972

Florida Medicare Agents (941)740-0928 The Social Security Amendments of 1972 were a set of legislative changes made to the Social Security A...