Medicare in the United States

 




        Since 1950 after former President Lyndon Johnson signed Medicare into law, it has been providing federal health insurance to Americans. Medicare has had a huge success in providing those in need over the age of 65 with affordable healthcare options. Though throughout the years of Medicare's business, there have been many debates on Medicare itself, like the funding required to keep it affordable. Funding is made possible due to "...general revenues, payroll, tax revenues, and premiums paid by beneficiaries..." (Cubanski and Neuman). 


  There are currently four different plans for Medicare that cover different areas of aid, plan A, B, C & D. Recently, Joe Biden announced on Twitter for the first time in over a decade that the price for Medicare's plan B (Medical Coverage) price has gone down. This is a big relief after the prices have recently been going up for this Medicare plan. Also, since 2020 the price of Medicare plans saw a large fluctuation in pricing, making it worrying to those who relied on Medicare. 



  If you have been following this blog, you might expect what is next to come when Joe Biden makes a tweet about progressive movements in the world of politics. Typically those reply to his posts with negative things or complain for something else to be fixed, but surprisingly this time around, a majority of the feedback was thanking the President. It seems like things are turning out more positive for the President recently. 


  In more good news regarding Medicare, Joe Biden was quick to point out that similar patterns could be on the horizon for 2023. This is thanks to the Inflation Reduction Act, which requires "Medicare to cover the cost of recommended vaccines for older Americans and will cap Monthly insulin copayments at $35 per month." (Seitz) Though there has been some pushback from the Republicans mentioning the recession, increased taxes, and the rise in grocery costs. There has been a lot of focus right now on the US economy and people have been blaming Joe Biden for not focusing on the correct things, is he putting the money in the wrong areas? Or is this effect in the Medicare cost apart of his plan to make a finical move somewhere else? Has Joe Biden been making the right calls?


Sources

Cubanski Follow @jcubanski on Twitter and Tricia Neuman Follow @tricia_neuman on Twitter Published: Jun 17, Juliette. “FAQs on Medicare Financing and Trust Fund Solvency.” KFF, 17 June 2022, https://www.kff.org/medicare/issue-brief/faqs-on-medicare-financing-and-trust-fund-solvency/#:~:text=Funding%20for%20Medicare%2C%20which%20totaled,payments%20from%20states%2C%20and%20interest.

Seitz, Amanda. “Millions of Americans Will Save on Medicare Fees Next Year.” AP NEWS, Associated Press, 27 Sept. 2022, https://apnews.com/article/biden-health-medicare-government-and-politics-8d0aadcb002e95dd2636852edf6973eb.



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