The Cost and Reimburstements of Medicare Research Paper

The Cost and Reimburstements of Medicare - Research topic ExampleThis study focuses on cost and reimbursement of Medicare as well as challenges facing the program.Medicare services send packing be provided to the beneficiaries either through traditional fee-for-service (FFS) program or private health plans such as Medicare Advantage (Kaiser Family Foundation, 2008). Whereas clients can be served in any hospital and by any doctor infra FFS those using Medicare Advantage should be treated by providers in a network or invent extra charges for treatments received from out-of network providers (Mason et al., 2013). The program is available in four parts namely type A, B, C and D. Medicare covers Hospital Insurance (part A), Medical Insurance (part B), Prescription Drugs (part C) and Medicare Advantage (part D) (Kaiser Family Foundation, 2008). Clients who apply for part C receives various benefits offered in other parts. Currently, some people prefer Medicare Advantage because it off ers extra services in addition to those provided under FFS.Part A of the Medicare is financed through payroll tax charged on employees and the employers whereby for each one contributes 1.45% to make a total of 2.9% while for self employed persons they contribute full 2.9% since they are two employees and employers (Mason et al., 2013). Part C and D are financed by premiums contributed by enrollees of the Medicare and revenue from the general fund.Medicare in union with local insurance companies pay compensation to claims presented each year by the Medicare beneficiaries (Kaiser Family Foundation, 2008). The Medicare uses various methods to compensate the checkup service providers for the services they offer to their clients covered by health insurance. For example, Center for Medicare and Medicaid Services introduced Accounting make do Organization model to harmonize medical service delivery among the service providers by enabling them to machinate their service delivery to r educe expenses, improve quality and outcome of the