HCM 760 week 3 discussion
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University of Maryland, Baltimore *
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760
Subject
Health Science
Date
Nov 24, 2024
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docx
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1
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The 1965-founded Medicare Insurance is the second-largest social insurance program in the US after Social Security. This program primarily assists those over the age of 65, which represents a sizeable share of the aging population. Additionally, it provides coverage to some younger people who have disabilities and particular illnesses, such as end-stage renal disease or amyotrophic lateral sclerosis (ALS) (Hammaker & Knadig, 2019). The program plays a crucial role in ensuring healthcare access for a sizeable portion of the American population, giving people in need financial relief and peace of mind.
The elderly population, particularly those who are 65 years of age and older, is one of the key demographics that Medicare benefits. Age increases the likelihood of developing health problems and needing medical attention, making economical and all-encompassing healthcare essential. As a crucial safety net, Medicare provides coverage for important medical services like hospital stays, outpatient care, preventative treatments, and prescription medications (Hammaker & Knadig, 2019). This demographic relies on Medicare to take care of their healthcare needs, making sure they get enough medical care without having to pay outrageous prices that might put a strain on them or their family.
Additionally, those with disabilities—including those under 65—represent another significant cohort using Medicare services. Due to the considerable medical needs that disabilities might cause, it is crucial for this population to have access to healthcare without experiencing financial hardship. These people can better manage their diseases thanks to the healthcare support that Medicare helps them get. Medicare also provides coverage to those with specific medical illnesses like end-stage renal disease or ALS, underscoring the program's importance in meeting a range of healthcare requirements (Haffer & Bowen, 2020).
For Medicare to be sustainable and adequate in fulfilling the changing healthcare needs of the American
people, reform is essential. Ageing populations and other demographic changes have a significant impact on healthcare needs and expenses. The burden on Medicare is anticipated to grow as the Baby Boomer generation approaches retirement age. Reform is therefore necessary to address future financial shortfalls and guarantee that the program can sustainably cover the healthcare needs of an aging and expanding population (Haffer & Bowen, 2020). To ensure a healthy future for all Americans, reforms should include modernization, cost-control measures, and attempts to improve the efficiency and effectiveness of healthcare delivery.
References
Haffer, S. C. C., & Bowen, S. E. (2020). Measuring and improving health outcomes in Medicare: the Medicare HOS program.
Health Care Financing Review
,
25
(4), 1.
Hammaker, D., & Knadig, T. (2019). Healthcare Management and the Law ( 2nd edition)
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