Quote:
Originally Posted by Mormon Red Death
Medicare is available to anyone 65 yrs and older... also the blind and those with End stage renal disease (people on dialysis). it has a yearly deductible and is run completely by the federal government (1.9% of your income goes to this )
Medicaid is a state run program (with matching funds from the federal goverment) meant to cover the poor. Add ons to this include the CHIP (expanded medicaid to children up to 19). This comes out of the 7.65% FICA in your paycheck.
Medicare covers about 30-32% of gross charges
Medicaid covers about 23-26% of gross charges
In comparison your typical Blue Cross contract runs about 35-36% of gross charges...
btw.... No one pay total gross charges.
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Medicare is also available to those on SSI (have disabilities). This is actually a lot of people.