Medicare

Definition

Medicare is a federal health insurance program in the United States that primarily covers people who are 65 or older, certain younger people with disabilities, and individuals with End-Stage Renal Disease (ESRD). It is an example of social insurance policy implemented as part of contemporary democratic liberalism, aiming to provide healthcare security to specific segments of the population.

Related terms

Social Security: A governmental program that provides financial assistance to retirees, disabled workers, and survivors of deceased workers.

Medicaid: A health care program that assists low-income families or individuals in paying for long-term medical and custodial care costs.

Affordable Care Act (ACA): Legislation aimed at decreasing the number of uninsured Americans through expanded Medicaid coverage and the establishment of health insurance marketplaces