But at the same time the general attention of a nation is focused first on the problem "how to get rich", then on the problem of terrorism. All these factors have kept the problem of health care off the top of the day. Today there are several popular health insurance programs. Let's look through them briefly.
Medicare is the name of a health insurance program which is administered by the government of USA. It covers people who are 65 and older, or people of some other specific criteria. It was added into law signed on 30th of July in1965 by President Lyndon B. Johnson. It was the amendments of Social Security legislation. At the ceremony of bill-signing President Johnson registered former President of USA Harry S. Truman as the first Medicare beneficiary. Then Johnson presented him with the first Medicare card. And that was the beginning.
Medicare is financed partially by payroll taxes which are imposed by FICA (The Federal Insurance Contributions Act) and the Self-Employment Contributions Act. Concerning to employees, the payroll tax is equal to 2.9% (1.45% withheld from the worker and a matching 1.45% paid by the employer) of the salaries, wages and other compensations connected with employment. Until the 31st of December, 1993, the law gives a maximal amount of wages, salaries etc., on which the Medicare payments could be imposed each year. In the beginning on the 1st of January in 1994, they removed the compensation limit. ...Show more