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Essay / Research Paper Abstract
A 4 page paper that explains and discusses how laws and regulations impact federal budgeting for Medicare. The writer reports the basic criteria for Medicare beneficiaries, the latest data regarding the size of the budget and discusses entitlement programs, in general. The essay also comments on what has been done to fix the problems. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: MM12_PGfdbdgm.rtf
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Unformatted sample text from the term paper:
benefits are outlined in laws and regulations and every member of the population entitled to those benefits receive them. The budget for those programs, then, are based on the estimated
number of persons who will receive them. The benefits cannot be changed except by law or regulation. Such is the case with both Medicare and Medicaid. Medicare is provided
to all persons who are eligible to receive either Social Security of Railroad Retirement; these individuals are 65 years old or older. Others who qualify for Medicare benefits are those
who are blind or disabled and who have received Social Security benefits for two years. This description is brief but the full regulations are long and complex, even more complex
for Medicaid, a health care program for low-income persons that is partially funded by the federal government and partially by the government of each state. Medicare is not a program
the government can just decide not to fund at its current levels in terms of benefits provided without adopting new laws or regulations. Moffit (2006) stated: The cost of Medicare
is set to explode. Under current law, Medicare spending is projected to jump from $395 billion in FY 2007 to $504.4 billion in FY 2011 and to total roughly $2
trillion over that same period. Notice Moffits (2006) words: "Under current law." Moffit is referring to the benefits provided to eligible persons. The government does take steps to reduce
costs. President Bush outlined some of two specific actions in his 2007 budget, reducing administrative costs and also in "regulatory changes in the way payments are made to medical providers"
(Moffit, 2006). The savings are expected to total $36 billion over five years and triple that amount over ten years (Moffit, 2006). Reducing administrative costs is a reasonable step but
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