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Medicare and Medicaid are two different healthcare programs with different functions and beneficiaries.
Medicare is a purely federal program, without involvement by the state. People eligible for coverage include the elderly over age 65, patients with end-stage-renal-disease (ESRD), younger patients with disabilities, and patients with ALS or Lou-Gehrig’s Disease. Medicare also has four parts, termed A, B, C, and D. Part A covers inpatient/hospital care, Part B covers outpatient/medical care, Part C is a combination of Parts A and B that is offered by private companies, and part D covers prescription drugs.
In contrast, Medicaid is jointly operated by state and federal governments. It helps with medical costs for people with limited finances, especially poorer families with children.
Find this mnemonic for Medicare vs. Medicaid among Pixorize's visual mnemonics for the USMLE and NBME shelf exams.
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