Medicare is the counterpart to Medicaid in terms of government-funded insurance plans. Medicare is government assistance for the elderly and retired to obtain health care. However, as older people generally need more attention to their health they need to enroll in multiple plans because Medicare has large deductibles and can't take care of all their needs.

Boston University

Government-funded health care came about when the people who needed health care the most (like the elderly and the poor) weren't able to afford health care so they had to subsidize it.

Government Financing

8th Edition by Thomas Bodenheimer and Kevin Grumbach

Understanding Health Policy: A Clinical Approach

Medicaid is an insurance program jointly administered by the federal and state government. This insurance system is designed for low-income individuals and families to give them access to health care. Although this program is designed for low-income individuals there are other eligibility guidelines. The guidelines used to be a lot more strict before ACA was put into action in 2014.

Learn Before

Related