Lyndon Johnson on July 30, 1965 signed Medicare. Medicare is the health policy for people who are 65 or older or who are young and disabled.
Obamacare is a Obama Health Care reform . Obamacare i.e. the Affordable Care Act commonly addressed by people as Obamacare has come into the limelight and many are perplexed and wonder how this affects them, especially if they’re on Medicare.
Medicare is not a part of Health Insurance Marketplace placed by Obamacare. Hence one is not required to replace their Medicare coverage with Marketplace coverage. Whether one get Medicare through Original Medicare or a Medicare Advantage Plan, one can still experience the benefits and security that they have already.
Obamacare or the Affordable Care Act prolongs the life of Medicare by 12 years–until 2029 due to its money saving practices. It modifies the way hospitals are paid ensuing in savings and it marks changes to what amount is paid to the companies for Medicare Advantage plans, also saving money for Medicare. The act also takes a sturdier stand on fake with extra practices to find it and firmer forfeits against it.
Medicare receivers will get more precautionary services due to Obamacare. Medicare will embrace certain preventative services, like mammograms or colonoscopies, without charging for the Part B coinsurance or deductible. So now you can sit back and relax regarding the Obamacare if you are on Medicare. These are just mere myths that Obamacare won’t affect Medicare beneficiaries and that Obamacare is going to decrease healthcare costs.