Medicare: What type of health insurance is Medicare How is it paid for and who is eligible for it? Medicaid: What type of health insurance is Medicaid? How is it paid for and who is eligible for it? How is the Medicaid program funded? Of these two programs, which one impacts the physicians practice the most?

Answer: Medicare is a federal health insurance program which covers elderly age group people and group of people who have physical disabilities and also people who are suffering from kidney failure and at the last stage of treatment. It offers the privelage in four parts and depends upon which program you are part of. Hospital Insurance/part A: It covers all medical facility, nursing facility, hospital stays and home care too. Medical Insurance/ Part B: It covers doctors...