The federal government budget for healthcare in the public health sector that was provided for both Medicaid and Medicare in 2014 was 23%: out of this percentage, Medicare represented 14%, while Medicaid represented 9%.
This is a health care program in United states that was originally created in 1956 under the leadership of President Dwight D. Eisenhower to provide health services for families of people serving in the military. Over the years, the primary purpose of this Program has been refined and updated which now includes others like:
- to provide health insurance to people aged 65 and above.
- young people with disabilities and many among others.
The funding of this program is from tax revenue generated from workers bother self employed and government employees. Due to the increased number of individuals that benefit from this program, in 2014, a total of 23% of the federal budget was spent on Medicaid and Medicare.
