Tuesday, September 25, 2012

Medicare/Medicaid/Discouraged Workers

Medicare is a federal system of health insurance for people over 65 years of age and for certain younger people with disabilities. Under limited conditions, Medicare will pay some nursing home costs for Medicare beneficiaries who need skilled nursing or rehabilitation services. Medicare is used by nearly 48 million (as of 2010) people in the U.S.
Medicaid is a State and Federal program that will pay most nursing home costs for people with limited income and assets. Medicaid is used by more than 53 million people in the U.S.
Disourage workers are people who have not had a job for four weeks, and are no longer looking. There were 844,000 discouraged workers in August.

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