Crisis: Solving Medicare Crisis

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Solving Medicare crisis Annmarie Joseph Phillip Keller Graduate School of Management 1/15/12 Professor Fowler Solving Medicare crisis Medicare a communal insurance program offers health insurance coverage to people aged 65 years and above, people who meet a special criterion, permanently disabled people and individuals who have a congenital physical disability. The United States government administers the Medicare program. Medicare covers over to 40 million elderly and disabled people. Over the…show more content…
However, the negative effects on health insurance and health market trickle down to the society. The society through high taxes will have to absorb the negative effect of Medicare to the elderly in the society. The society is socially obliged to take care of the elderly and with the rising cost of health acre, which cannot be fully absorbed by the government it will be a small price to pay to keep the elderly healthy. Children who provide finances to cover medical bills for their elderly parents benefit considerably from Medicare because with the rising cost of medical care it would put financial strain on them. “What about the positive for society effects of caring for the elderly?” The family structure has changed considerably over the years. We are now a more mobile society with more emphasis on the nuclear family. After children are grown, they tend to leave their parents in search of their own families. The elderly parents tend to be left alone and after retirement in most instances, they do not have adequate fiancés for medical care. Through Medicare, the society is able to contribute to the elderly Medicare care indiscriminately. Through medicare, which also contributes to advancement in technology in medical field the life expeactancy for Americans, has been increased significantly. The old in the society play a fundamental role of giving guidance and shaping the morals of the young generation.…show more content…
The distributive justice theory advocates for social justice through equitable distribution of resources. Through Medicare the government takes is able to take resources from the rich in the community and redistribute the resources to the less noble in the society through social security programs and Medicare during old age (Senese, 2003). The noble in the society can be able to afford private medical care while the poor in the society cannot. Through Medicare, the government ensures equitable distribution of resources to the society. Medicare is a positive externality, which ensures equitable distribution of health care to all who qualify in the

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