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Medicare is one of the prominent expenses faced by the US Government. Medicare can be defined as the federal health insurance program that covers more than 55 million people today with age of 65 and above. These people have permanent disabilities and the program helps them to pay for prescription drugs, hospital and physician visits, post-acute services, etc. If the statistics for 2014 are considered, 14% of the federal budget was accounted for by Medicare. Medicare plays a very important role in the health care system as it comprised of 22% of the total...
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