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Research Paper on Medicare and Medicaid

Introduction

Many lessons can be learned from the events of the recent financial crisis. One remarkable insight refers to the liability of the federal government to the well-being of the nation, a commitment that goes far beyond the classical role of the government in the American legislative and economic tradition: just like a doctor, the government can and should regulate the nation’s health; its involvement is not always necessary, but becomes irreplaceable on a cloudy day.

The establishment of Medicare in 1965 has revolutionized the liability of the federal government to its citizens. The program is much more than a public health insurance policy; it is a nation-wide social contract, which aims to protect the American society`s most vulnerable members – its elderly, sick and disabled persons – whose entitlement to the program is based merely on their physical state. Continue reading

July 3, 2012Tags: , ,