One many health facilities in this nation. Since the

One
of the greatest advancements in the delivery of healthcare is Title XVIII of
the Social Security Act called “Health Insurance for the Aged and Disabled”, or
more frequently known as “Medicare”. As a part of the Social Security
Amendments of 1965, the Medicare legislation provides publicly financed health
insurance to the elderly population. For the first time in U.S. history, the
government handles direct responsibility to pay for a portion of health care on
behalf of vulnerable population groups (Shi and Singh 2015). Thus, more of the
population has access to health care.

There
are many advantages and disadvantages to the multifaceted congressional amendment
of Medicare. One of the negative impacts of Medicare is the baby-booming and longevity
of the population that will require more insurance coverage. Annually, over nine
million people require either long-term care or a home health agency or a day-facility
that will aid in activities of daily living (Harris-Kojetin et al. 2016). A 2015
report from the Medicare Trustees found that Medicare’s Hospital Insurance
Trust will deplete its cash reserves by 2030 (Williams). Once the revenue is exhausted,
what will happen to the patients that will still require health care but cannot
afford the entire bill? Even so, Medicare only covers a fraction of health
bills if the patient does not have coverage from all of the individual parts of
Medicare. Therefore, patients are nevertheless obligated to front hefty bills
if he/she has progressive health issues.

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Medicare
has reduced barriers to medical care for America’s most vulnerable citizens –
aging adults living in poverty. As compared to when the Medicare first came
into effect, Medicare has contributed to a life expectancy that is five years
higher simply by ensuring access to care (Leonard). Medicare helped raise the
standard of service offered by many health facilities in this nation. Since the
program is federally regulated, the residence of the beneficiary does not influence
their eligibility and benefits. The financial support made available for
medical costs allows older adults to use their monetary resources for other necessities.

The
geriatric population is increasing at a drastic rate. America’s population over
the age of 65 is projected to more than double from 40.2 million in 2010 to
88.5 million in 2050 (Vincent and Velkoff 2010). While I support healthcare
opportunity to the disadvantaged elderly population, I believe there are
limitations to Medicare. More access means more patients will be utilizing the
health care system. Are there enough staff members, from physicians to nurses,
to give adequate treatment to the growing patient population? What will happen
in the years to come? As the number of beneficiaries grows at an unprecedented degree,
there is a sensible fear that funds from taxpayers will not be able to endure the
growing demand. The national government will be forced to compensate when the
country is already facing a trillion-dollar deficit. Currently, Medicare is
showing a positive impact by providing care to the vulnerable population but I
believe Medicare will soon show a negative impact when the revenue is dwindling
from the growing elderly population.