The Role of Medicare in the American Healthcare System
Medicare is the cornerstone of healthcare insurance in the United States, supporting over 60 million beneficiaries. Established by the Social Security Act of 1965, this comprehensive program is managed by the Centers for Medicare and Medicaid Services (CMS), under the U.S. Department of Health and Human Services. Medicare plays a crucial role by providing public health insurance to millions of Americans, particularly those who might otherwise struggle to afford healthcare coverage. The program encompasses a…
