The enactment of Medicare and Medicaid in 1965 affected the long-term care industry in many ways. Which of the following was not
an effect of Medicare and Medicaid enactment on the long-term care industry?A) Provision of more stable reimbursement sources than previously available from private pay and charitable sources B) Prohibition of for-profit companies' participation in Medicare and Medicaid
C) Establishment of minimal standards of care to qualify for Medicare and Medicaid reimbursement
D) Provision of resources for older and disabled Americans and those lacking the ability to pay for care
The correct answer is B) Prohibition of for-profit companies' participation in Medicare and Medicaid
Explanation:
Medicare program is basically a federal government funded program that cover your health if you are 65 years or above or if you are under this age but you have some type of disability. Even if you earn well but you have some disability the government will cover the cost.
Medicaid is a state and federal government's program that cover your health if you have also income.
Medicare and Medicaid in 1965
On July 30, 1965 President Lyndon B. Johnson signed some amendments into the law and introduced the concept of Medicare and Medicaid. he created this prgram for elderly and poor people.
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