Health Care Industry

p 3 HEALTHCARE INDUSTRY Medic ar and Medicaid ar wellness insurance programs that argon administered by the U .S . Department of wellness and Human Services (CMS-HHS , 2007 . There are basic contrasts between the two health insurance programs . Medi safeguard is knowing to admit health support service to mortals at to the lowest degree 65 geezerhood old and older , to individuals below 65 years of advance but have particular dis equalment , and to individuals of any long time who have end-stage kidney diseases . On the icy hand Medicaid is designed to provide health support go to individuals who receive a curiously low income . Federal and license legislations have been created as a guide to determine which individuals and families are eligible for inclusion into this health insurance program . The eligibility criteria for Medicaid are different for each state of the coupled StatesThe health reporting of Medi tutelage is comprised of 3 parts (Cook et al 2007 . secern A provides infirmary coverage which includes hospital and treat or hospice facilities . Part B provides coverage for the professional fees of physicians as well as outpatient care Prescription drugs are another(prenominal) component supported by Medicare , which importantly reduces the cost of pharmaceutic drugs and regulates prescription(prenominal) drug rates from change magnitude . Medicaid , on the other hand follows Title XIX of the affectionate Security meet , which states the medical exam assist should be offered for particular basic operate to the most deprived individuals in the United States . These basic function include in- and outpatient hospital services , prenatal care , vaccinations for children , testing ground tests and nursing services . Other states depending on the federal capital pro vided , may similarly offer other services ! such(prenominal) as diagnostic tests , prescription drugs and rehabilitation services . accordingly the services of Medicaid are not as freely well-disposed as that provided by MedicareAnother difference between Medicare and Medicaid concerns the monthly holdments for the health insurance program .

In the case of Medicare members have to buckle under allowance for at least Part B which is the medical insurance . The agiotage is slightly 78 .20 per month , blanket the physician services and outpatient care . Majority of the members of Medicare do not pay the premium for Part A or the hospital insurance beca use they already pay for Medicare taxes when they were still working (West and Weeks , 2007 . In the case of Medicaid , in that mend is a very minimal premium that has to be compensable for by the individual , but on that point is a strict criterion during the application process for Medicaid . It is know that individuals who receive Medicaid assistance are the haplessest people in the United States hence there is no need to pay a monthly premium . One of the major requirements for Medicaid is that the individual move below 133 of the federal poverty line , hence not all poor individuals can avail of the Medicaid support servicesThere are three components associated with the eligibility for reimbursement . firstly , the individual must have unquestionable proof that he receives a low income . Secondly , the individual should be able to show that his assets and resources are below...If you want to receive a expert essay, order it on our website: BestEssayCheap.com

If you ! want to get a full essay, visit our page: cheap essay