HHS Secretary Xavier Becerra, CMS Administrator Chiquita Brooks-LaSure on the 56th Anniversary of Medicare and Medicaid
"For decades, Medicare and Medicaid have been a lifeline and a steady foundation for our seniors, children, women, families, people with disabilities, and at every stage in life," said HHS Secretary
"For 56 years, Medicare and Medicaid have made health coverage a reality for individuals and families when they have needed it," said CMS Administrator
Background:
Nearly 140 million Americans (74M for Medicaid, 63M for Medicare) benefit today from Medicaid and Medicare. An additional 4 million adults could benefit if the remaining 12 states expanded Medicaid through the Affordable Care Act.
Medicaid
Medicaid is the largest public health insurance program, covering more than 22 percent of the total
* A total of 14.9 million newly eligible Medicaid beneficiaries in
* Millions of pregnant women and families rely on Medicaid for coverage beforehand, during and post-pregnancy. The program paid for 42.1% of all births (total of 3,747,540) in 2019.
* The program is also the single largest payer for mental health services in
* More than 10 million Americans qualify for Medicaid based on a disability. People under age 65 who qualify for Medicaid on the basis of a disability include adults and children with disabilities that they have had since birth and others who have disabling conditions acquired through illness, injury or trauma.
* Medicaid is the primary payer for nursing home care for people who need long-term care services across the nation, and the primary payer of home and community-based services (HCBS) which allow people with disabilities to live full lives in their community.
* Over 4.7 million individuals receive HCBS through Medicaid.
Medicare
In 2019, Medicare covered 61.2 million people: 52.6 million aged 65 and older, and 8.7 million disabled.
* About 37 percent of these beneficiaries have chosen to enroll in Part C private health plans that contract with Medicare to provide Part A and Part B health services.
* Seniors are more likely to have health insurance coverage than any other age group.
* In 2019, 0.9 percent of people 65 and older were uninsured, compared with 5.1 percent among children (ages 0 to 17) and 14.7 percent among nonelderly adults (ages 18 to 64).
* Medicare Part D provides affordable prescription drug coverage to over 47.2 Americans. The Affordable Care Act eliminated the Coverage Gap ("the donut hole") in the original Part D benefit, reducing patient cost-sharing responsibility for these drugs from 100% to 25%.


National Wildlife Federation: New Report Identifies Opportunities to Advance Nature-Based Disaster Recovery Solutions
Mississippi Insurance Agent Eugene Starks Named President of National Association of Health Underwriters
Advisor News
- Succession planning: Building the future of your practice
- From loss to security: Supporting widowed clients with life insurance
- Plan now for lower Social Security benefits later
- The conversation almost no advisor is having yet
- Why advisors should offer retirement-longevity planning
More Advisor NewsAnnuity News
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
- Industry pushes back on linking ‘financial strength’ to annuity illustrations
- Sammons Enterprises & Sammons Financial Group Respond to Reports
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Benchmark International Successfully Facilitated the Transaction Between National Group Marketing Trust and New Era Life Insurance Companies
- Why the bond market is flexing its muscles, and why everyone needs to care
- An Application for the Trademark “LIVE TODAY, SECURE TOMORROW.” Has Been Filed by Security Mutual Life Insurance Company of New York: Security Mutual Life Insurance Company of New York
- Modern Woodmen board selects Shea Doyle as next president and CEO
- New Influenza Study Results from University of Auckland Described (Risk Management In Deadly Times: the Us Life Insurance Industry In the 1918-9 Influenza Pandemic): Influenza
More Life Insurance News