The current US healthcare financing system is briefly outlined in the following paragraphs.
Medicare was an attempt to ensure that adequate medical care would be available to the aged and some chronically ill persons and that the price of such services would not be so prohibitive that persons would have no basic care. Medicare is federally funded and is financed by a tax on wages. Every citizen who is currently working provides a portion of his or her salary to the budget of the Medicare program. Employers and employees contribute and equal percentage of wages to fund Medicare. Medicare provides
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