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Medicare
Columbia Encyclopedia entry: Medicare
Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. Coverage for the disabled began in 1973. Medicare provides for a basic program of hospital insurance, under which enrollees are protected against major costs of hospital and related care; and a supplementary medical insurance program, through which persons are aided in paying doctor bills and other health-care bills. It is funded by a tax on the earnings of employees that is matched by the employer and by premiums paid by enrollees. In 2002 nearly 40.5 million Americans were enrolled in Medicare. Legislation passed in 2003 provides for a drug benefit program (beginning in 2006), higher premiums for enrollees earning more than $80,000, and subsidies over 10 years to encourage private insurers to compete with Medicare.
Columbia Encyclopedia search results: Medicare
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  • Medicaid

    Medicaid, national health insurance program in the United States for low-income persons; established in 1965 with passage of the Social Security Amendments and now run by the Centers for Medic...

  • Health and Human Services, United States Department of

    Health and Human Services, United States Department of, federal executive department charged with administering government health programs. Successor to the Department of Health, Education, an...

  • Great Society

    Great Society, in U.S. history, term for the domestic policies of President Lyndon Johnson. In his first State of the Union message, he called for a war on poverty and the creation of a Great ...

  • Daschle, Tom

    Daschle, Tom (Thomas Andrew Daschle), 1947–, U.S. senator from South Dakota (1987–2005), b. Aberdeen, S.Dak. A Democrat, he was elected to the U.S. House of Representatives in 1978, where he s...

  • finance

    Finance, theory and practice of conducting large public and private dealings in money. Important institutions of private finance include those that deal with insurance, banking, stocks (see st...

  • generic drug

    Generic drug, a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. The name of the a...

  • Hastert, Dennis

    Hastert, Dennis (John Dennis Denny Hastert), 1942–, U.S. congressman, Speaker of the U.S. House of Representatives (1999–2007), b. Aurora, Ill. He attended Wheaton College (B.A., 1964) and Nor...

  • socialized medicine

    Socialized medicine, publicly administered system of national health care. The term is used to describe programs that range from government operation of medical facilities to national health-i...

  • social security

    Social security, government program designed to provide for the basic economic security and welfare of individuals and their dependents. The programs classified under the term social security ...

  • pension

    Pension, periodic payments to one who has retired from work because of age or disability. Pensions, originally thought of as charity, are now viewed as an essential part of the social responsi...

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